N2OFF Provides Business Update on Successful Execution of Solar and Energy Storage Initiatives Across Europe
Rhea-AI Summary
N2OFF (NASDAQ: NITO) reported significant progress in its European solar and energy storage initiatives. The company's flagship project in Melz, Germany includes a 115 MWp solar PV facility and a 107 MW/214 MWh battery storage system, with RTB status expected by 2026. The project received municipal approval and secured grid connection through E.dis.
In Italy, N2OFF holds a 70% stake in two Battery Energy Storage Systems in Sicily, each with 98 MWp/392 MWh capacity. Both projects have received connection approval from Terna SpA and are expected to reach RTB status by mid-2027. The company provided €600,000 in debt financing for the Melz BESS integration, featuring a 7% annual interest rate and 25% profit-sharing agreement.
Positive
- Secured municipal approval and grid connection for 115 MWp Melz solar project in Germany
- Potential 10% capacity increase for the Melz project through additional grid capacity
- 70% ownership of two large BESS projects in Sicily with 98 MWp/392 MWh capacity each
- Strategic partnership targeting 300 MW total portfolio capacity across Europe
Negative
- Extended timeline for RTB status - Melz project not ready until 2026
- Sicily BESS projects require 18-24 months development phase before reaching RTB status
- Significant debt financing required with €600,000 loan for Melz BESS integration
News Market Reaction
On the day this news was published, NITO declined 20.15%, reflecting a significant negative market reaction. Argus tracked a trough of -39.5% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $7M at that time. Trading volume was exceptionally heavy at 7.9x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Neve Yarak, Israel, Sept. 18, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc. (NASDAQ: NITO) (“N2OFF” and the “Company”), a cleantech company investing in solar energy assets based on the RTB (Ready to Build) business model, recently announced significant progress in its solar and energy storage initiatives, highlighting the successful execution of key projects in Germany, Italy, and Poland. Through its strategic partnership with Solterra Renewable Energy Ltd. (“Solterra”), N2OFF is advancing a robust portfolio of renewable energy projects, reinforcing its commitment to driving the global clean energy transition.
Key Solar and Energy Storage Projects
- Melz Solar PV Project – Germany (111 MWp)
- Description: A flagship 115 MWp solar photovoltaic (PV) project in Melz, Germany, developed in collaboration with Solterra Renewable Energy Ltd.
- Current Status: The project achieved a critical milestone with approval from the Melz Municipal Committee for its statutory plan on December 31, 2024, following a comprehensive review of environmental and planning implications. The project has entered the hearing process, a final stage before achieving ready-to-build (RTB) status, targeted for 2026. Additionally, the project has secured grid connection through E.dis, the regional electricity operator. N2OFF and other lenders have recently provided funding to Solterra in the amount of
€600,000 (see below for additional information) in addition to supporting the integration of a 107 MW/214 MWh “green” battery energy storage system (BESS), designed to optimize electricity sales and provide grid services. - Future Potential The additional grid capacity could increase the project’s scale by up to
10% , further boosting its economic and environmental impact.
- Sicily Battery Energy Storage Systems – Italy (2 x 98 MWp/392 MWh)
- Description: N2OFF holds
70% of two Battery Energy Storage Systems (BESS) projects in Sicily, Italy, each with a capacity of 98 MWp/392 MWh, developed by Solterra Brand Services Italy, a subsidiary of Solterra. - Current Status: Both projects have secured connection capacity approval from Terna SpA, Italy’s transmission system operator, marking a significant step toward development. The projects are in the development phase, with an expected timeline of 18–24 months to reach RTB status, projected for mid-2027.
- Future Timeline: The projects are in the development phase, with an expected timeline of 18–24 months to reach RTB status, projected for mid-2027.
- Description: N2OFF holds
Strategic Investments and Opportunities
N2OFF has committed significant resources to its renewable energy portfolio, including
“We are proud of the significant progress in our solar and energy storage projects, which demonstrate our commitment to sustainable innovation,” said David Palach, CEO of N2OFF. “We believe that our strategic partnership with Solterra and targeted investments position us to capitalize on the growing demand for renewable energy, delivering long-term value to our stakeholders and the environment.”
About N2OFF Inc:
N2OFF is a cleantech company mainly engaged in EU based solar assets using the RTB (Ready to Build ) business model. N2OFF is currently the lead investor in four solar projects in three different EU countries, all of which were introduced by Solterra Renewable Energy Ltd., a wholly owned subsidiary of Solterra Energy Ltd.
N2OFF also controls approximately
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 Energy Ltd., 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 Contact:
Michal Efraty
michal@efraty.com
FAQ
What is the capacity of N2OFF's Melz solar project in Germany?
When will N2OFF's Sicily battery storage projects be ready to build?
What is N2OFF's ownership stake in the Sicily battery storage projects?
How much did N2OFF invest in the Melz BESS integration?
What is the total portfolio capacity target for N2OFF's partnership with Solterra?
