N2OFF Announces Potential to Maximize Investment Opportunity Following New Regulation in Germany
April 08 2025 - 6:04AM
N2OFF, Inc. (NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a
clean tech company engaged in sustainable solutions for energy and
innovation in the agri- tech sector, today announced potential
plans to invest an additional €25,000, in addition to prior loans
made to Solterra Renewable Energy Ltd. (“Solterra”),to pursue the
development of a new Battery Energy Storage System (“BESS”) project
to be co-located with its 111 MWp solar power plant currently under
development in Melz, Germany, in partnership with Solterra.
This initiative follows the approval of a new
German regulation (Section 8a of the Renewable Energy Sources Act -
EEG), which enables project owners to connect additional assets,
such as battery storage, to the same grid connection as long as the
approved capacity is not exceeded. The move aims to maximize the
use of limited grid infrastructure and accelerate the deployment of
renewable energy projects.
Leveraging this regulatory advancement, N2OFF is
exploring the development of a BESS facility with an expected
capacity of 60–80 MW / 240–360 MWh, directly connected to the grid
line being constructed for the Melz solar project. The Company
believes that the co-location has the potential to deliver
significant benefits in grid efficiency, regulatory certainty, and
reduced infrastructure costs.
Battery storage systems are increasingly
critical for grid stability and renewable energy integration. By
enabling storage and time-shifted delivery of solar power, the
Company believes that the projected Melz BESS project will
contribute to local grid resilience and improve renewable energy
utilization.
This initiative builds on N2OFF and Solterra’s
growing activity in the energy storage space. Earlier this year,
the companies announced a definitive agreement for the acquisition
and commercialization of two large-scale battery storage systems in
Sicily, Italy, totaling 196 MWp / 784 MWh.
The Melz project is part of a comprehensive
collaboration between N2OFF and Solterra aimed at accelerating the
development of high-potential renewable energy facilities across
Europe. This collaboration includes joint activities such as the
development of two BESS in Sicily, Italy, each with a capacity of
98 MWp/392 MWh, and an exclusive agreement between N2OFF and
Solterra to co-develop solar photovoltaic (“PV”) projects in
Albania.
About the Melz Project and Solterra
Renewable Energy:
The Melz project is one of Solterra’s flagship
developments, representing its dedication to create renewable
energy facilities with a total portfolio capacity of approximately
300 MW across Germany, Italy, and Poland. Founded in 2022 by
renewable energy veterans Eran Litvak and Yair Harel, Solterra
specializes in initiating and developing solar PV projects with
rapid commercialization potential.
About N2OFF Inc:
N2OFF, Inc. (formerly known as Save Foods, Inc.)
is a clean tech company engaged in sustainable solutions for energy
and innovation for agri- tech. Through its operational activities
it delivers integrated solutions for sustainable energy, greenhouse
gas emissions reduction and safety, quality solutions for the agri-
tech market. NTWO OFF Ltd., N2OFF's majority-owned Israeli
subsidiary, aims to contribute in tackling greenhouse gas
emissions, offering a pioneering solution to mitigate nitrous oxide
(N2O) emissions, a potent greenhouse gas with 310 times the global
warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote
agricultural practices that are both environmentally friendly and
economically viable. N2OFF recently entered the solar PV market and
will provide funding to Solterra Renewable Energy Ltd. for the
current project in the total Capacity of 111 MWp, as well as
potential future projects. Save Foods Ltd., N2OFF's majority-owned
Israeli subsidiary, focuses on post-harvest treatments in fruit and
vegetables to control and prevent pathogen contamination. For more
information on Save Foods Ltd. and NTWO OFF Ltd. visit our website:
www.n2off.com.
Forward-looking Statements:
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on our current expectations, they are
subject to various risks and uncertainties including the success of
our collaboration with Solterra, entry into future projects, our
ability to successfully enter the solar PV sector, the
profitability of such industry, and the potential added value of
the increased capacity. Actual results, performance or achievements
could differ materially from those described in or implied by the
statements in this press release. The forward-looking statements
contained or implied in this press release are subject to other
risks and uncertainties, including market conditions as well as
those discussed under the heading “Risk Factors” in N2OFF’s Annual
Report on Form 10-K filed with the SEC on March 31, 2025, and in
any subsequent filings with the SEC. Except as otherwise required
by law, we undertake no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. References and links to websites have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
We are not responsible for the contents of third-party
websites.
Investor Relations Contacts:Michal Efratymichal@efraty.com
N2OFF (NASDAQ:NITO)
Historical Stock Chart
From Jun 2025 to Jul 2025
N2OFF (NASDAQ:NITO)
Historical Stock Chart
From Jul 2024 to Jul 2025