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N2OFF Inc delivers innovative agri-food tech solutions focused on plant-based food safety and sustainable supply chains. This news hub provides investors and industry stakeholders with timely updates on the company’s advancements in food technology, environmental initiatives, and strategic partnerships.
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N2OFF (NASDAQ: NITO) announces plans to invest an additional €25,000 in a new Battery Energy Storage System (BESS) project co-located with its 111 MWp solar power plant in Melz, Germany. The initiative follows new German regulation (Section 8a of the Renewable Energy Sources Act - EEG) allowing additional assets to connect to the same grid connection.
The planned BESS facility will have an expected capacity of 60-80 MW / 240-360 MWh, aiming to enhance grid efficiency and reduce infrastructure costs. This project expands upon N2OFF's partnership with Solterra Renewable Energy, which includes two large-scale battery storage systems in Sicily, Italy (196 MWp / 784 MWh total), and solar PV project development in Albania.
N2OFF (NASDAQ: NITO) has signed a non-binding letter of intent (LOI) with SB Impact 4 and Solterra for the potential development of four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a combined capacity of 380 MW.
The LOI extends an existing Development Service Agreement that grants exclusivity to SB Impact 4 and N2OFF for project evaluation and acquisition within a 60-day period. Some projects have already secured grid connections, while others are in early development stages.
These initiatives are part of N2OFF's joint venture with Solterra Renewable Energy , focusing on solar and energy storage. The company has already committed €4.4 million in projects across Germany and Italy, representing over 300 MW of total capacity. The development process will include structured payments based on key milestones such as land reservation, permits, and project readiness.
N2OFF (NASDAQ: NITO) has signed a definitive agreement with Solterra Renewable Energy's Italian subsidiary to acquire two Battery Storage (BESS) systems in Sicily, Italy. Each system has a capacity of 98MWp/392MWh, totaling 196 MWp. The deal involves an investment of up to €2.3 million, with N2OFF securing 70% ownership.
This acquisition is part of N2OFF's broader commitment to invest up to €4.4 million in projects across Germany and Italy, targeting over 300 MW total capacity. The development timeline for these BESS projects is estimated at 18-24 months to reach Ready-to-Build stage. The projects have received connection capacity approval from Terna SpA, the Italian transmission company.
The initiative aligns with Italy's MACSE scheme, which plans to conduct its first energy storage capacity auctions in H1 2025, offering 15-year contracts to support renewable energy transition and grid stability.
N2OFF (NASDAQ: NITO) has established a new wholly-owned US subsidiary, NITO Renewable Energy, Inc., in Nevada to consolidate its Solar PV operations. The company currently manages three significant projects across Europe:
Germany Project: A 111 MWp solar PV joint venture in Melz has secured municipal approval and grid connection solution, with 10% additional capacity potential for expansion or battery storage integration.
Italian Projects: Two Battery Energy Storage Systems (BESS) in Sicily, each with 98 MWp/392 MWh capacity, have received connection approval from Terna SpA. Development timeline is estimated at 18-24 months to reach Ready-to-Build stage.
Additionally, N2OFF has partnered with Solterra Energy for exclusive co-development of Solar PV market in Albania.
N2OFF (NASDAQ: NITO) has announced a definitive agreement to acquire MitoCareX Bio , a biotech company specializing in computational drug discovery for cancer therapeutics. The acquisition involves purchasing shares from SciSparc for $700,000 and exchanging additional shares for 40% of N2OFF's fully diluted capital stock.
Key terms include: Sellers receiving 30% of N2OFF's financing proceeds (capped at $1.6M) for five years, potential milestone-based issuances of up to 25% of N2OFF's common stock, and N2OFF's commitment to invest $1M initially to support MitoCareX's operations. MitoCareX focuses on developing novel therapies for hard-to-treat cancers by targeting mitochondrial SLC25 protein family through 3D comparative modeling and in-vitro screening systems.
The transaction, pending stockholder approval, positions N2OFF in the global Cancer Therapeutics market, valued at $194.1B in 2024 and projected to reach $344.1B by 2031.
N2OFF (NASDAQ: NITO) has announced the closing of a definitive agreement with Solterra Renewable Energy's Italian subsidiary for the development of two Battery Storage (BESS) systems in Sicily, Italy. Each system will have a capacity of 98MWp/392MWh, totaling 196MWp.
The agreement involves a total investment of up to €2.3 million, to be paid in milestones, with N2OFF holding a 70% ownership stake. These projects are part of N2OFF's broader joint venture with Solterra, focusing on solar and energy storage initiatives. The projects have received connection capacity approval from Terna SpA and are expected to reach Ready-to-Build stage within 18-24 months.
This development aligns with Italy's MACSE scheme, which plans to conduct its first energy storage capacity auctions in H1 2025, offering 15-year contracts. Currently, N2OFF is committed to investing up to €4.4 million in projects across Germany and Italy for a total capacity exceeding 300 MW.
N2OFF (NASDAQ: NITO) has signed a binding term sheet with Solterra Energy for exclusive collaboration on renewable energy projects in Albania for one year, focusing on solar energy and battery storage. The agreement follows a trilateral clean energy cooperation between Italy, Albania, and UAE, valued at approximately €1 billion.
Under the agreement, both parties will present potential projects, with Solterra conducting feasibility analyses. Upon positive results and mutual approval, Solterra will manage project development, while N2OFF will handle financing. The collaboration builds on existing joint ventures in Germany and Italy, including a 111 MWp solar PV project in Melz, Germany, and two Battery Energy Storage Systems in Sicily (98 MWp/392 MWh each).
N2OFF Inc. (NASDAQ: NITO) has signed a binding term sheet with Solterra Energy for exclusive collaboration on renewable energy projects in Albania for one year, focusing on solar energy and battery storage. This follows a trilateral agreement between Italy, Albania, and UAE to develop renewable energy in Albania, valued at approximately €1 billion.
Under the agreement, both parties will present potential projects, with Solterra conducting feasibility analyses. Upon mutual approval, Solterra will handle project development, while N2OFF will oversee financing. The companies are already collaborating on projects in Germany and Italy:
- In Germany: Developing a 111 MWp solar PV project in Melz with secured municipal approval and grid connection
- In Italy: Developing two Battery Energy Storage Systems in Sicily (98 MWp/392 MWh each) with approved connection capacity from Terna SpA
N2OFF (NASDAQ: NITO) announced that its subsidiary Save Foods has won a patent opposition case filed by ECOLAB Inc. in Europe. The European patent EP2615932 covers a method of protecting edible matter using a specific performic acid composition, which is central to Save Foods' proprietary technology.
Save Foods' commercial solutions have demonstrated the ability to extend fresh produce shelf life while reducing hazardous pesticide usage by at least 50%. The European crop protection pesticides market was valued at $27.73 billion in 2021, with a projected value of $31.6 billion by 2026. ECOLAB has until April 9, 2025, to appeal the decision to the European Patent Register.
N2OFF (NASDAQ: NITO) announced significant progress in its collaborative solar photovoltaic project in Melz, Germany. The 111 MWp facility, developed with Solterra Renewable Energy, received approval from the Melz Municipal Committee for its statutory plan submission on January 2, 2025.
This milestone represents a important step toward achieving ready-to-build (RTB) status, expected by end of 2025. The project marks N2OFF's first venture into the renewable energy market and is part of a broader joint venture with Solterra to develop renewable energy facilities across Europe.
N2OFF continues providing financial support to Solterra, including a €470,000 loan installment as part of a total €2 million loan commitment.
