N2OFF Announces Potential to Maximize Investment Opportunity Following New Regulation in Germany

Core Insights - N2OFF, Inc. plans to invest an additional €25 million in a new Battery Energy Storage System (BESS) project co-located with its 111 MWp solar power plant in Melz, Germany, in partnership with Solterra Renewable Energy Ltd [1][3] - The initiative is enabled by a new German regulation (Section 8a of the Renewable Energy Sources Act - EEG) that allows project owners to connect additional assets like battery storage to the same grid connection, aiming to enhance grid infrastructure utilization and accelerate renewable energy deployment [2][3] Company Developments - The proposed BESS facility is expected to have a capacity of 60–80 MW / 240–360 MWh, which will be directly connected to the grid line for the Melz solar project, potentially improving grid efficiency and reducing infrastructure costs [3][4] - N2OFF and Solterra have previously announced the acquisition and commercialization of two large-scale battery storage systems in Sicily, Italy, totaling 196 MWp / 784 MWh, indicating a growing focus on energy storage solutions [5][6] Industry Context - Battery storage systems are increasingly vital for maintaining grid stability and integrating renewable energy, with the Melz BESS project expected to enhance local grid resilience and optimize renewable energy utilization [4][6] - The Melz project is part of a broader collaboration between N2OFF and Solterra, which aims to develop renewable energy facilities across Europe, including solar PV projects in Albania and additional BESS projects in Italy [6][7]