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N2OFF Provides Business Update on Successful Execution of Solar and Energy Storage Initiatives Across Europe
Globenewswire· 2025-09-18 11:50
Core Insights - N2OFF, Inc. is making significant advancements in solar energy and energy storage projects across Germany, Italy, and Poland, emphasizing its commitment to the clean energy transition [1][4]. Key Solar and Energy Storage Projects - The Melz Solar PV Project in Germany has a capacity of 111 MWp and has achieved critical milestones, including municipal approval and entering the hearing process for RTB status targeted for 2026 [2][7]. - In Italy, two Battery Energy Storage Systems (BESS) projects in Sicily, each with a capacity of 98 MWp/392 MWh, are in development and expected to reach RTB status by mid-2027 [3][7]. Strategic Investments and Opportunities - N2OFF has allocated €600,000 in debt financing for the Melz BESS integration, with a 7% annual interest rate and a 25% profit-sharing agreement post-loan repayment [4]. - The joint venture with Solterra aims for a total portfolio capacity of approximately 300 MW across Europe, indicating a robust growth strategy in renewable energy [4][5].
N2OFF to Expand its Melz Solar Project with Battery Storage
Globenewswire· 2025-09-11 11:42
Core Viewpoint - N2OFF, Inc. is expanding its Melz solar project by integrating a large-scale battery energy storage system (BESS), which is expected to enhance revenue and provide higher returns to stockholders [1][5]. Financial Aspects - N2OFF and other lenders provided €600,000 in additional funding to Solterra at a 7% annual interest rate, with N2OFF entitled to 25% of potential profits after loan repayment [2]. - The integration of the BESS is projected to yield incremental revenues of €100–120 per MW annually, representing a 40–50% increase compared to load shifting alone [3]. Project Details - The Green BESS Project will have a capacity of 107 MW / 214 MWh and aims to optimize electricity sales while providing additional grid services [1]. - The Melz project is part of N2OFF's flagship joint venture with Solterra, which received municipal approval to proceed with the statutory plan, with final approval expected in early 2026 [5]. Strategic Partnerships - N2OFF is collaborating with Solterra Renewable Energy Ltd. to accelerate the development of renewable energy projects across Europe, including multiple BESS projects in Italy and Poland [6][7]. Market Position - Entrix, a partner in the project, has a strong presence in the European energy market, managing over 2.4 GW and 7 GWh of battery storage assets [8].
Save Foods(SVFD) - Prospectus(update)
2025-08-19 20:42
As filed with the Securities and Exchange Commission on August 19, 2025 Registration No. 333-289293 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No. 1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 N2OFF, INC. (Exact name of registrant as specified in its charter) (State or jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Nevada 2000 26-4684680 HaPardes 134 (M ...
N2OFF, Inc(NITO) - Prospectus(update)
2025-08-19 20:42
As filed with the Securities and Exchange Commission on August 19, 2025 Registration No. 333-289293 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No. 1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 N2OFF, INC. (Exact name of registrant as specified in its charter) (State or jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Nevada 2000 26-4684680 HaPardes 134 (M ...
Save Foods(SVFD) - Prospectus
2025-08-06 20:06
As filed with the Securities and Exchange Commission on August 6, 2025 (Exact name of registrant as specified in its charter) incorporation or organization) Classification Code Number) Identification Number) Registration No. 333-______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 N2OFF, INC. Nevada 2000 26-4684680 (State or jurisdiction of (Primary Standard Industrial (I.R.S. Employer HaPardes 134 (Meshek Sander) Nev ...
N2OFF, Inc(NITO) - Prospectus
2025-08-06 20:06
As filed with the Securities and Exchange Commission on August 6, 2025 Registration No. 333-______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 N2OFF, INC. (Exact name of registrant as specified in its charter) incorporation or organization) Classification Code Number) Identification Number) Nevada 2000 26-4684680 (State or jurisdiction of (Primary Standard Industrial (I.R.S. Employer HaPardes 134 (Meshek Sander) Nev ...
N2OFF Completes $1.2 million of its $2.7 million Total Commitment to Finance 196MWp Battery Energy Storage Assets in Italy
Globenewswire· 2025-07-11 12:40
Core Insights - N2OFF, Inc. has completed a $2.7 million investment for the development of two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98MWp/392MWh [1][3] - The combined capacity of the BESS projects is approximately 196 MWp, valued at up to $13.5 million based on an estimate of $70,000 per MW [2][3] - The projects are designed to enhance grid stability and have secured preliminary grid connection approvals from Terna SpA, with expectations to achieve Ready-to-Build (RTB) status within 18-24 months [3][4] Company Overview - N2OFF, Inc. is a cleantech company focused on sustainable energy solutions and "Agrifood" tech, recently entering the solar market and funding various projects in the EU [5] - The company has invested over $1.2 million in its 70%-owned Italian subsidiary, which is involved in the BESS projects [1][5] - N2OFF's majority-owned Israeli subsidiary, Save Foods Ltd., focuses on post-harvest treatments for fruits and vegetables to prevent pathogen contamination [5] Market Context - Italy's solar market is experiencing strong growth, supported by government incentives and increasing public awareness of sustainability [4] - Solar electricity generation in Italy is projected to reach 36.47 billion kWh in 2025, with an annual growth rate of 6.86% from 2025-2029 [4] - Italy aims for 52 GW of solar capacity by 2030 and 74.6% renewable electricity by 2050 [4]
N2OFF via Solterra Expands European Footprint with Entry into Fourth Project – a Battery Storage Venture in Poland
Globenewswire· 2025-05-09 11:45
Core Insights - N2OFF, Inc. is participating in financing a 35MW/140MWh Battery Energy Storage System project in Poland, marking its entry into the Polish renewable energy market [1][2] - The project aims to expand Solterra's large-scale energy storage solutions, with future plans to increase capacity to over 100MW/400MWh [2] - N2OFF is one of four lenders involved in a structured financing agreement, expecting repayment within 30 months and a share of 15% of the net profits from the project [3] Company Overview - N2OFF, Inc. focuses on sustainable energy solutions and has recently entered the solar PV market, planning to provide funding for projects totaling 111 MWp [4] - The company is also involved in post-harvest treatments through its majority-owned subsidiary, Save Foods Ltd., which targets pathogen contamination in fruits and vegetables [4] Strategic Goals - The entry into the Polish market aligns with N2OFF's strategy to expand into high-potential renewable energy projects across different markets, emphasizing the importance of grid-scale energy storage for a stable, low-carbon energy future [4]
N2OFF Signs Non-Binding LOI for Potential 380MW Battery Energy Storage Projects
Newsfilter· 2025-03-18 10:33
Core Points - N2OFF, Inc. has signed a non-binding letter of intent with SB Impact 4 and Solterra for the investment and development of up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a combined potential capacity of 380 MW [1][2] - The new projects build on an existing Development Service Agreement that grants exclusivity to SB Impact 4 and N2OFF for evaluating and potentially acquiring these projects within a 60-day period [2] - N2OFF is committed to invest up to €4.4 million in projects located in Germany and Italy, targeting a total capacity of over 300 MW [3] Project Details - The projects under negotiation are located in the Puglia region, with some having secured grid access while others are in early development stages [2] - SB Impact 4 will acquire one or more of these projects, integrating them into the existing Development Service Agreement, with structured payment terms based on key project milestones [4] 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 recently entered the solar PV market and is providing funding to Solterra Renewable Energy Ltd. for a current project with a total capacity of 111 MWp [5]
N2OFF Secures Definitive Agreement to Commercialize 196 MWp Battery Storage Projects
Globenewswire· 2025-03-05 11:10
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. to acquire two Battery Storage systems in Sicily, Italy, each with a capacity of 98MWp/392MWh [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 projects is up to €2.3 million, which will be disbursed in milestones [2] - The projects are part of a broader joint venture with Solterra, focusing on solar and energy storage initiatives to meet the growing demand for energy storage solutions [3] Market Context - The demand for energy storage is increasing as more renewable projects come online, which is essential 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] Project Development Timeline - The two Battery Storage projects have received connection capacity approval from Terna SpA, with an expected development timeline of 18-24 months to reach a Ready-to-Build stage [5] Company Overview - N2OFF, Inc. is a clean tech company focused on sustainable energy solutions and agri-tech innovation, aiming to reduce greenhouse gas emissions and promote environmentally friendly agricultural practices [6] - The company has recently entered the solar PV market and is providing funding for current and future projects in collaboration with Solterra Renewable Energy Ltd. [6]