N2OFF Secures Definitive Agreement to Commercialize 196 MWp Battery Storage Projects
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) ha firmato un accordo definitivo con la filiale italiana di Solterra Renewable Energy per acquisire due sistemi di Accumulo Energetico (BESS) in Sicilia, Italia. Ogni sistema ha una capacità di 98MWp/392MWh, per un totale di 196 MWp. L'accordo prevede un investimento fino a €2,3 milioni, con N2OFF che garantirà il 70% della proprietà.
Questa acquisizione fa parte dell'impegno più ampio di N2OFF di investire fino a €4,4 milioni in progetti in Germania e Italia, mirando a oltre 300 MW di capacità totale. Il cronoprogramma per lo sviluppo di questi progetti BESS è stimato in 18-24 mesi per raggiungere la fase di Pronto per Costruire. I progetti hanno ricevuto l'approvazione della capacità di connessione da Terna SpA, la compagnia di trasmissione italiana.
L'iniziativa è in linea con il piano MACSE dell'Italia, che prevede di condurre le sue prime aste per capacità di accumulo energetico nel primo semestre del 2025, offrendo contratti di 15 anni per supportare la transizione verso le energie rinnovabili e la stabilità della rete.
N2OFF (NASDAQ: NITO) ha firmado un acuerdo definitivo con la filial italiana de Solterra Renewable Energy para adquirir dos sistemas de Almacenamiento de Energía (BESS) en Sicilia, Italia. Cada sistema tiene una capacidad de 98MWp/392MWh, totalizando 196 MWp. El acuerdo implica una inversión de hasta €2,3 millones, con N2OFF asegurando el 70% de la propiedad.
Esta adquisición es parte del compromiso más amplio de N2OFF de invertir hasta €4,4 millones en proyectos en Alemania e Italia, con el objetivo de superar los 300 MW de capacidad total. El cronograma de desarrollo para estos proyectos BESS se estima en 18-24 meses para alcanzar la fase de Listo para Construir. Los proyectos han recibido la aprobación de capacidad de conexión de Terna SpA, la compañía de transmisión italiana.
La iniciativa está alineada con el esquema MACSE de Italia, que planea llevar a cabo sus primeras subastas de capacidad de almacenamiento de energía en el primer semestre de 2025, ofreciendo contratos de 15 años para apoyar la transición hacia energías renovables y la estabilidad de la red.
N2OFF (NASDAQ: NITO)는 이탈리아의 Solterra Renewable Energy 자회사와 이탈리아 시칠리아에 두 개의 배터리 저장 시스템(BESS)을 인수하는 최종 계약을 체결했습니다. 각 시스템의 용량은 98MWp/392MWh로 총 196 MWp입니다. 이 거래는 최대 €2.3 백만의 투자를 포함하며, N2OFF는 70%의 소유권을 확보합니다.
이 인수는 N2OFF가 독일과 이탈리아의 프로젝트에 최대 €4.4 백만을 투자하겠다는 광범위한 약속의 일환으로, 총 300 MW 이상의 용량을 목표로 하고 있습니다. 이 BESS 프로젝트의 개발 일정은 건설 준비 단계에 도달하기까지 18-24개월로 예상됩니다. 이 프로젝트는 이탈리아 전송 회사인 Terna SpA로부터 연결 용량 승인을 받았습니다.
이 이니셔티브는 이탈리아의 MACSE 계획과 일치하며, 2025년 상반기에 첫 번째 에너지 저장 용량 경매를 실시하여 재생 가능 에너지 전환 및 그리드 안정성을 지원하기 위해 15년 계약을 제공합니다.
N2OFF (NASDAQ: NITO) a signé un accord définitif avec la filiale italienne de Solterra Renewable Energy pour acquérir deux systèmes de stockage d'énergie par batterie (BESS) en Sicile, Italie. Chaque système a une capacité de 98MWp/392MWh, totalisant 196 MWp. L'accord implique un investissement pouvant atteindre 2,3 millions €, N2OFF sécurisant 70 % de la propriété.
Cette acquisition s'inscrit dans l'engagement plus large de N2OFF d'investir jusqu'à 4,4 millions € dans des projets en Allemagne et en Italie, visant plus de 300 MW de capacité totale. Le calendrier de développement de ces projets BESS est estimé à 18-24 mois pour atteindre le stade Prêt à Construire. Les projets ont reçu l'approbation de capacité de connexion de Terna SpA, la société de transmission italienne.
Cette initiative est en accord avec le programme MACSE de l'Italie, qui prévoit de réaliser ses premières enchères de capacité de stockage d'énergie au premier semestre 2025, offrant des contrats de 15 ans pour soutenir la transition vers les énergies renouvelables et la stabilité du réseau.
N2OFF (NASDAQ: NITO) hat einen endgültigen Vertrag mit der italienischen Tochtergesellschaft von Solterra Renewable Energy unterzeichnet, um zwei Batteriespeichersysteme (BESS) in Sizilien, Italien, zu erwerben. Jedes System hat eine Kapazität von 98MWp/392MWh, insgesamt also 196 MWp. Der Deal umfasst eine Investition von bis zu 2,3 Millionen €, wobei N2OFF 70% des Eigentums sichert.
Diese Akquisition ist Teil des umfassenderen Engagements von N2OFF, bis zu 4,4 Millionen € in Projekte in Deutschland und Italien zu investieren, mit dem Ziel, über 300 MW Gesamtkapazität zu erreichen. Der Zeitrahmen für die Entwicklung dieser BESS-Projekte wird auf 18-24 Monate geschätzt, um die Bauvorbereitung zu erreichen. Die Projekte haben die Genehmigung für die Anschlusskapazität von Terna SpA, dem italienischen Übertragungsunternehmen, erhalten.
Die Initiative steht im Einklang mit dem MACSE-Programm Italiens, das plant, im ersten Halbjahr 2025 die ersten Ausschreibungen für Speicherkapazitäten durchzuführen und 15-Jahres-Verträge anzubieten, um den Übergang zu erneuerbaren Energien und die Stabilität des Stromnetzes zu unterstützen.
- Secured 70% ownership in two large-scale BESS projects (196 MWp total)
- Projects already received grid connection approval from Terna SpA
- Potential revenue opportunity from upcoming MACSE 15-year contracts
- Strategic expansion into European energy storage market
- Significant 18-24 month development period before Ready-to-Build stage
- Substantial capital investment required (€2.3M for Sicily projects)
- Revenue generation dependent on successful MACSE auction participation
Insights
N2OFF's definitive agreement to acquire two battery storage systems in Sicily represents a strategic expansion into the European energy storage market with clear financial parameters. The investment of up to
This transaction forms part of N2OFF's broader
Italy's upcoming MACSE scheme, with planned 15-year contract auctions in 2025, creates potential for long-term stable revenues once these projects reach operational status. The 18-24 month development timeline to ready-to-build status aligns with industry standards but means investors should not expect immediate revenue impact.
As DNV notes, the energy storage market is evolving beyond basic frequency management toward more lucrative applications including price arbitrage and capacity provision, potentially enhancing future profit margins for these assets. This transaction positions N2OFF in a high-growth segment of the renewable infrastructure market with regulatory tailwinds.
N2OFF's acquisition of two 98MWp/392MWh BESS systems in Sicily represents a technically significant entry into utility-scale battery storage with substantial capacity specifications. The combined 196MWp capacity with 784MWh of storage capability positions these assets in the mid-to-large scale range for European battery projects.
The technical design showing a 4:1 ratio between energy capacity (MWh) and power rating (MWp) indicates these systems are engineered for extended discharge duration of approximately 4 hours. This configuration is optimally suited for grid services beyond frequency regulation, allowing participation in energy arbitrage and capacity markets – precisely the evolution path DNV identifies in their Energy Transition 2024 report.
Sicily's island grid characteristics make it particularly valuable for battery deployment, as isolated power systems typically face higher constraints and volatility. The secured grid connection agreement with Terna is a important technical milestone that often represents a major hurdle for energy projects in capacity-constrained regions.
The development timeline of 18-24 months to reach ready-to-build status reflects a realistic assessment of the technical and regulatory complexities involved. With Italy's MACSE auctions scheduled for 2025, these projects appear well-positioned to align with the country's emerging storage capacity incentive mechanisms, maximizing potential returns once operational.
Currently N2OFF committed to invest up to €4.4 million in projects located in Germany and Italy for total capacity of over 300 MW
Neve Yarak, Israel, March 05, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc.(NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech, announced the closing of a definitive agreement with Solterra Renewable Energy Ltd.’s subsidiary, Solterra Brand Services Italy. Solterra specializes in the origination and development of renewable energy projects in Italy. Under the agreement, N2OFF has acquired 2 Battery Storage ("BESS") systems in Sicily, Italy, each with a capacity of 98MWp/392MWh.
The agreement, recently announced, includes the purchase and development of the projects, with a total investment of up to
These projects are part of the broader joint venture between N2OFF and Solterra Renewable Energy Ltd., which focuses on solar and energy storage initiatives. The collaboration reflects the companies’ shared vision of advancing renewable energy adoption and addressing the increasing demand for energy storage solutions to enhance grid flexibility.
As more renewable projects are coming online, the storage market is in demand and is crucial for grid flexibility. According to DNV (https://www.dnv.com/) a global leading consultancy firm, in their report on Energy Transition 2024, "as storage capacity surpasses
The current 2 BESS projects have already received approval for the connection capacity from Terna SpA (the Italian transmission company), which will be secured simultaneously with the closing of the transaction. The development is currently expected to take 18-24 months for these projects to reach a Ready-to-Build stage.
About N2OFF Inc:
N2OFF, Inc. (formerly known as Save Foods, Inc.) is a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech. Through its operational activities it delivers integrated solutions for sustainable energy, greenhouse gas emissions reduction and safety, quality solutions for the agri- tech market. NTWO OFF Ltd., N2OFF's majority-owned Israeli subsidiary, aims to contribute in tackling greenhouse gas emissions, offering a pioneering solution to mitigate nitrous oxide (N2O) emissions, a potent greenhouse gas with 310 times the global warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote agricultural practices that are both environmentally friendly and economically viable. N2OFF recently entered the solar PV market and will provide funding to Solterra Renewable Energy Ltd. for the current project in the total Capacity of 111 MWp, as well as potential future projects. Save Foods Ltd., N2OFF's majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination. For more information on Save Foods Ltd. and NTWO OFF Ltd. visit our website: www.n2off.com.
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties including the success of our collaboration with Solterra, entry into future projects, our ability to successfully enter the solar PV sector, the profitability of such industry, and the potential added value of the increased capacity. Actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions as well as those discussed under the heading “Risk Factors” in N2OFF’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.
Investor Relations Contact:
Michal Efraty
michal@efraty.com
FAQ
What is the total capacity of N2OFF's newly acquired BESS systems in Sicily?
How much is N2OFF (NITO) investing in the Sicily battery storage projects?
What ownership percentage will N2OFF (NITO) hold in the Sicily battery projects?
When are the Sicily BESS projects expected to reach Ready-to-Build stage?
What is N2OFF's (NITO) total investment commitment in Germany and Italy?
