N2OFF Establishes a US Subsidiary for Its Solar PV Operations

Core Insights - N2OFF, Inc. has established a new wholly-owned subsidiary, NITO Renewable Energy, Inc., to consolidate its solar operations in the U.S. [1] - The company is currently involved in three projects across two European countries, Germany and Italy [2]. Group 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 that exceeds initial requirements by approximately 10% [3]. - In Italy, N2OFF and Solterra's subsidiary have finalized an agreement to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, with a development timeline of 18-24 months to reach a Ready-to-Build stage [4]. - N2OFF and Solterra Energy Ltd. are collaborating to co-develop the solar PV market in Albania [5]. Group 2: Company Overview - N2OFF, Inc. focuses on sustainable energy solutions and agri-tech innovations, aiming to reduce greenhouse gas emissions and promote environmentally friendly agricultural practices [5]. - The company has a majority-owned Israeli subsidiary, NTWO OFF Ltd., which addresses nitrous oxide emissions, and a minority stake in Plantify Foods, Inc., a Canadian company offering clean-label food options [5].