N2OFF INC Stock Price, News & Analysis

N2OFF Energy (NASDAQ: NITO) has announced its entry into the Polish renewable energy market through participation in financing a 35MW/140MWh Battery Energy Storage System (BESS) project. The company is one of four lenders providing financing for the initial grid connection payment, with plans to potentially expand the project's capacity to over 100MW/400MWh.

This marks N2OFF's fourth BESS development project, with additional projects ongoing in Germany and Italy. The financing agreement includes a repayment period of up to 30 months, with N2OFF entitled to 15% of the net profits from the transaction upon the project's sale.

N2OFF (NASDAQ: NITO) has announced its entry into the Polish renewable energy market through its participation in financing a Battery Energy Storage System (BESS) project via Solterra. The project is initially planned at 35MW/140MWh with potential expansion to over 100MW/400MWh.

This marks Solterra's fourth BESS development project, with the company already engaged in projects in Germany and Italy. N2OFF is one of four financing parties and will be entitled to 15% of the net profits from the transaction. The financing is structured with an expected repayment period of up to 30 months upon project sale.

N2OFF (NASDAQ: NITO) announces plans to invest an additional €25,000 in a new Battery Energy Storage System (BESS) project co-located with its 111 MWp solar power plant in Melz, Germany. The initiative follows new German regulation (Section 8a of the Renewable Energy Sources Act - EEG) allowing additional assets to connect to the same grid connection.

The planned BESS facility will have an expected capacity of 60-80 MW / 240-360 MWh, aiming to enhance grid efficiency and reduce infrastructure costs. This project expands upon N2OFF's partnership with Solterra Renewable Energy, which includes two large-scale battery storage systems in Sicily, Italy (196 MWp / 784 MWh total), and solar PV project development in Albania.

N2OFF (NASDAQ: NITO) has signed a non-binding letter of intent (LOI) with SB Impact 4 and Solterra for the potential development of four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a combined capacity of 380 MW.

The LOI extends an existing Development Service Agreement that grants exclusivity to SB Impact 4 and N2OFF for project evaluation and acquisition within a 60-day period. Some projects have already secured grid connections, while others are in early development stages.

These initiatives are part of N2OFF's joint venture with Solterra Renewable Energy , focusing on solar and energy storage. The company has already committed €4.4 million in projects across Germany and Italy, representing over 300 MW of total capacity. The development process will include structured payments based on key milestones such as land reservation, permits, and project readiness.

N2OFF (NASDAQ: NITO) has signed a definitive agreement with Solterra Renewable Energy's Italian subsidiary to acquire two Battery Storage (BESS) systems in Sicily, Italy. Each system has a capacity of 98MWp/392MWh, totaling 196 MWp. The deal involves an investment of up to €2.3 million, with N2OFF securing 70% ownership.

This acquisition is part of N2OFF's broader commitment to invest up to €4.4 million in projects across Germany and Italy, targeting over 300 MW total capacity. The development timeline for these BESS projects is estimated at 18-24 months to reach Ready-to-Build stage. The projects have received connection capacity approval from Terna SpA, the Italian transmission company.

The initiative aligns with Italy's MACSE scheme, which plans to conduct its first energy storage capacity auctions in H1 2025, offering 15-year contracts to support renewable energy transition and grid stability.

N2OFF (NASDAQ: NITO) has established a new wholly-owned US subsidiary, NITO Renewable Energy, Inc., in Nevada to consolidate its Solar PV operations. The company currently manages three significant projects across Europe:

Germany Project: A 111 MWp solar PV joint venture in Melz has secured municipal approval and grid connection solution, with 10% additional capacity potential for expansion or battery storage integration.

Italian Projects: Two Battery Energy Storage Systems (BESS) in Sicily, each with 98 MWp/392 MWh capacity, have received connection approval from Terna SpA. Development timeline is estimated at 18-24 months to reach Ready-to-Build stage.

Additionally, N2OFF has partnered with Solterra Energy for exclusive co-development of Solar PV market in Albania.

N2OFF (NASDAQ: NITO) has announced a definitive agreement to acquire MitoCareX Bio , a biotech company specializing in computational drug discovery for cancer therapeutics. The acquisition involves purchasing shares from SciSparc for $700,000 and exchanging additional shares for 40% of N2OFF's fully diluted capital stock.

Key terms include: Sellers receiving 30% of N2OFF's financing proceeds (capped at $1.6M) for five years, potential milestone-based issuances of up to 25% of N2OFF's common stock, and N2OFF's commitment to invest $1M initially to support MitoCareX's operations. MitoCareX focuses on developing novel therapies for hard-to-treat cancers by targeting mitochondrial SLC25 protein family through 3D comparative modeling and in-vitro screening systems.

The transaction, pending stockholder approval, positions N2OFF in the global Cancer Therapeutics market, valued at $194.1B in 2024 and projected to reach $344.1B by 2031.

N2OFF (NASDAQ: NITO) has announced the closing of a definitive agreement with Solterra Renewable Energy's Italian subsidiary for the development of two Battery Storage (BESS) systems in Sicily, Italy. Each system will have a capacity of 98MWp/392MWh, totaling 196MWp.

The agreement involves a total investment of up to €2.3 million, to be paid in milestones, with N2OFF holding a 70% ownership stake. These projects are part of N2OFF's broader joint venture with Solterra, focusing on solar and energy storage initiatives. The projects have received connection capacity approval from Terna SpA and are expected to reach Ready-to-Build stage within 18-24 months.

This development aligns with Italy's MACSE scheme, which plans to conduct its first energy storage capacity auctions in H1 2025, offering 15-year contracts. Currently, N2OFF is committed to investing up to €4.4 million in projects across Germany and Italy for a total capacity exceeding 300 MW.

N2OFF (NASDAQ: NITO) has signed a binding term sheet with Solterra Energy for exclusive collaboration on renewable energy projects in Albania for one year, focusing on solar energy and battery storage. The agreement follows a trilateral clean energy cooperation between Italy, Albania, and UAE, valued at approximately €1 billion.

Under the agreement, both parties will present potential projects, with Solterra conducting feasibility analyses. Upon positive results and mutual approval, Solterra will manage project development, while N2OFF will handle financing. The collaboration builds on existing joint ventures in Germany and Italy, including a 111 MWp solar PV project in Melz, Germany, and two Battery Energy Storage Systems in Sicily (98 MWp/392 MWh each).