Core Insights - N2OFF is committed to investing up to €4.4 million in renewable energy projects in Germany and Italy, targeting a total capacity of over 300 MW [1] - The company has entered into a definitive agreement with Solterra Renewable Energy Ltd's subsidiary for the purchase and development of two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98 MWp/392 MWh [1][2] - N2OFF will hold a 70% ownership stake in these projects, marking a significant entry into the European energy storage market [2] Investment Details - The total investment for the two BESS projects is up to €2.3 million, to be disbursed in milestones [2] - The projects have received approval for connection capacity from Terna SpA, the Italian transmission company, and are expected to reach a Ready-to-Build stage within 18-24 months [5] Market Context - The collaboration between N2OFF and Solterra Renewable Energy Ltd. is part of a broader joint venture focusing on solar and energy storage initiatives, aimed at advancing renewable energy adoption [3] - The energy storage market is increasingly in demand as more renewable projects come online, which is crucial for grid flexibility [4] - Italy's MACSE scheme plans to conduct its first energy storage capacity auctions in the first half of 2025, offering 15-year contracts to support the development of storage projects [4]

Core Insights - N2OFF is committed to investing up to €4.4 million in renewable energy projects in Germany and Italy, targeting a total capacity of over 300 MW [1] - The company has entered into a definitive agreement with Solterra Renewable Energy Ltd. for the purchase and development of two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98 MWp/392 MWh [1][2] - N2OFF will hold a 70% ownership stake in these projects, marking a significant entry into the European energy storage market [2] Investment Details - The total investment for the BESS projects is up to €2.3 million, to be disbursed in milestones [2] - The projects have received approval for connection capacity from Terna SpA, the Italian transmission company, and are expected to reach a Ready-to-Build stage within 18-24 months [5] Market Context - The collaboration with Solterra Renewable Energy Ltd. is part of a broader joint venture focusing on solar and energy storage initiatives, reflecting a shared vision to advance renewable energy adoption [3] - The energy storage market is increasingly crucial for grid flexibility, with a report indicating that as storage capacity surpasses 0.5% of grid capacity, demand for longer-term storage projects is expected to rise [4] - Italy's MACSE scheme aims to incentivize energy storage project development through 15-year contracts, with the first capacity auctions planned for the first half of 2025 [4]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1][3] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are also advancing renewable energy infrastructure projects in Germany and Italy, highlighting their commitment to the sector [3] Summary by Category Collaboration and Agreements - The collaboration between N2OFF and Solterra is driven by successful joint projects in Germany and Italy, following a clean energy cooperation agreement among Italy, Albania, and the UAE [1][2] - The agreement allows both companies to present potential projects through local relationships, with Solterra conducting feasibility analyses [1] Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has received municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Market Context - Albania has increased its renewable energy capacity by approximately 500 MW over the last two years, indicating a growing focus on clean energy solutions [2] - The UAE will utilize its expertise to produce clean energy in Albania, with part of the generated power transmitted to Italy via an underwater cable [2]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1][3] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are advancing renewable energy infrastructure in Europe through significant projects in Germany and Italy [3] Group 1: Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has secured municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Group 2: Strategic Collaborations - The collaboration between N2OFF and Solterra is driven by successful fast-tracking of joint projects in Germany and Italy, highlighting their commitment to renewable energy [1][3] - The agreement includes conditions such as mutual agreement on development and financing terms, corporate approvals, and compliance with applicable laws [6]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are advancing renewable energy infrastructure in Europe through significant projects in Germany and Italy [3] Group 1: Collaboration and Agreements - The collaboration between N2OFF and Solterra will involve presenting potential projects and conducting feasibility analyses, with Solterra managing project development and N2OFF overseeing financing [1][6] - The trilateral agreement includes the UAE leveraging its expertise to produce clean energy in Albania, with power transmission to Italy via an underwater cable [2] Group 2: Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has received municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Group 3: Company Background - N2OFF, Inc. focuses on sustainable energy solutions and aims to tackle greenhouse gas emissions, with a recent entry into the solar PV market [7] - The company also has a minority ownership in Plantify Foods, Inc., which offers clean-label healthy food options [7]

Core Viewpoint - N2OFF, Inc. announced a favorable outcome for its subsidiary Save Foods Ltd. regarding a European patent dispute with ECOLAB Inc., which could enhance Save Foods' market position and align with EU pesticide reduction goals [1][4]. Company Summary - N2OFF, Inc. is a clean tech company focused on sustainable energy and agri-tech solutions, with a subsidiary Save Foods Ltd. that specializes in post-harvest treatments to improve food safety and reduce waste [5][6]. - Save Foods' technology utilizes a specific performic acid composition to protect edible matter, significantly extending the shelf life of fresh produce while reducing hazardous pesticide use by at least 50% [2][6]. Market Potential - The European market for crop protection pesticides was valued at 27.73 billion USD in 2021, with a forecasted increase to 31.6 billion USD by 2026, indicating a substantial target market for Save Foods' solutions [3]. Strategic Importance - The favorable patent decision is expected to strengthen Save Foods' negotiating position with global companies, showcasing the unique value of its technology [4]. - The achievement aligns with the EU's regulatory goals to reduce pesticide use, positioning Save Foods as a provider of sustainable agricultural solutions [4].

Company Overview - N2OFF, Inc. is a clean tech company focused on sustainable solutions for energy and agri-tech innovation [1][6] - Save Foods Ltd., a subsidiary of N2OFF, specializes in post-harvest treatments to enhance food safety and reduce waste [5][6] Patent and Legal Developments - Save Foods has successfully concluded opposition to its European patent EP2615932 against ECOLAB Inc., with the decision favoring Save Foods [1][4] - ECOLAB has the right to appeal this decision by April 9, 2025 [1] Technology and Market Potential - The European patent covers a method for protecting edible matter using a specific performic acid composition, which is integral to Save Foods' technology [2] - Save Foods' solutions can extend the shelf life of fresh produce while reducing hazardous pesticide use by at least 50% [2] - The European market for crop protection pesticides was valued at 27.73 billion USD in 2021, with a forecast of 31.6 billion USD by 2026, indicating significant market potential for Save Foods [3] Strategic Implications - The favorable patent outcome is expected to strengthen Save Foods' position in negotiations with global companies, showcasing the unique value of its technology [4] - This development aligns with the EU's goals to reduce pesticide use in agriculture, presenting a sustainable solution to meet regulatory standards [4]

Core Insights - N2OFF, Inc. has made significant progress in its solar photovoltaic (PV) project in Melz, Germany, with the Melz Municipal Committee approving the statutory plan for the facility, marking an important milestone towards achieving ready-to-build (RTB) status by the end of 2025 [2][3][4] Group 1: Project Details - The Melz project is a 111 MWp solar PV facility and represents N2OFF's first venture into the renewable energy market, aligning with the company's mission to support sustainable energy projects [3][4] - The project is part of a joint venture between N2OFF and Solterra Renewable Energy Ltd., aimed at accelerating the development of renewable energy facilities across Europe [3][4] Group 2: Financial Aspects - N2OFF continues to provide financial support to Solterra, including a loan installment of €470,000 as part of a total €2 million loan commitment, focusing on accelerating project development [4] - Solterra aims to create renewable energy facilities with a total portfolio capacity of approximately 300 MW across Germany, Italy, and Poland [5] Group 3: Company Background - N2OFF, Inc. specializes in sustainable solutions for energy and innovation in the agri-tech sector, with a focus on reducing greenhouse gas emissions and promoting environmentally friendly agricultural practices [6] - Solterra, founded in 2022 by renewable energy veterans, specializes in initiating and developing solar PV projects with rapid commercialization potential [5]

Neve Yarak, Israel, Jan. 08, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (“N2OFF” or the “Company”), a clean tech company engaged in sustainable solutions for the energy and agri-tech industries, announced that on January 7, 2025 the Company received formal notification from the Listing Qualification Department of the Nasdaq Stock Market (“Nasdaq”) that it has been granted an additional 180-day compliance period, or until July 7, 2025, to regain compliance with Nasdaq’s minimum $1.00 bid ...

N2OFF will hold approximately 70% ownership in the projects, further enhancing its presence in the European energy storage market Neve Yarak, Israel, Jan. 03, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech, announced today that on January 3 2025 it has signed a binding LOI with Solterra Ltd’s subsidiary ,Soltera Brand Services Italy (“SBSI”), a company that specializes ...