ANTIOCH, Tenn., Oct. 21, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), today announced that it has partnered with Ecobility Services GmbH to implement a large-scale rooftop solar power system at its central logistics centers in Sulzbach-Rosenberg, Germany. The project will be delivered through a 20-year Power Purchase Agreement (PPA), representing a key step in LKQ’s broader sustainability and long-term greenhouse gas emissions reduction strategy. Covering more than 12,000 square metres, the syste ...

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]

Core Insights - Continued development of U.S. LNG export capacity is projected to significantly lower global greenhouse gas emissions compared to alternative energy sources, with a potential reduction of 324 million to 780 million tons of CO2 equivalent from 2028 to 2040 [1][2][3] Environmental Impact - The study indicates that the net reduction in emissions is due to the lower greenhouse gas intensity of U.S. LNG compared to the fossil fuels that would replace it, with 85% of those alternatives sourced from non-U.S. markets [3] - The emissions reduction is equivalent to more than twice the annual emissions from all gasoline cars in Los Angeles County, or the CO2 absorbed by 5.4 billion trees over 10 years [10] Economic Impact - The expansion of U.S. LNG capacity could support nearly 500,000 domestic jobs annually and contribute $1.3 trillion to U.S. GDP through 2040, with minimal impact on domestic gas prices [5][6] - If no new U.S. LNG capacity comes online, over 100,000 jobs and more than $250 billion in GDP contributions are at risk [5] - Economic contributions extend beyond core gas-producing states, with 37% of jobs and 30% of GDP contributions occurring in non-producing areas [7] Infrastructure and Pricing - The study highlights the potential for significant consumer savings by expanding Northeast exit capacity by 6 billion cubic feet per day, which could lead to a 20%-30% reduction in gas prices for Northeast markets [11][18] - Estimated reductions in gas prices include $2.25 per MMBtu in Boston and $1.23 per MMBtu in New York during peak months, with cumulative savings for consumers projected to reach $76 billion by 2040 [18]