N2OFF via Solterra Expands European Footprint with Entry into Fourth Project – a Battery Storage Venture in Poland
N2OFF (NASDAQ: NITO) has announced its entry into the Polish renewable energy market through its participation in financing a Battery Energy Storage System (BESS) project via Solterra. The project is initially planned at 35MW/140MWh with potential expansion to over 100MW/400MWh.
This marks Solterra's fourth BESS development project, with the company already engaged in projects in Germany and Italy. N2OFF is one of four financing parties and will be entitled to 15% of the net profits from the transaction. The financing is structured with an expected repayment period of up to 30 months upon project sale.
The investment aligns with N2OFF's strategy to expand into high-potential renewable energy markets while supporting grid-scale energy storage infrastructure development.N2OFF (NASDAQ: NITO) ha annunciato il suo ingresso nel mercato polacco delle energie rinnovabili partecipando al finanziamento di un progetto di Battery Energy Storage System (BESS) tramite Solterra. Il progetto è inizialmente previsto per 35MW/140MWh con possibilità di espansione oltre i 100MW/400MWh.
Si tratta del quarto progetto di sviluppo BESS di Solterra, che è già attiva in Germania e Italia. N2OFF è uno dei quattro soggetti finanziatori e avrà diritto al 15% dei profitti netti derivanti dall’operazione. Il finanziamento è strutturato con un periodo di rimborso previsto fino a 30 mesi dopo la vendita del progetto.
L’investimento è in linea con la strategia di N2OFF di espandersi in mercati delle energie rinnovabili ad alto potenziale, supportando lo sviluppo di infrastrutture di accumulo energetico su scala di rete.
N2OFF (NASDAQ: NITO) ha anunciado su entrada en el mercado polaco de energías renovables mediante su participación en la financiación de un proyecto de Battery Energy Storage System (BESS) a través de Solterra. El proyecto está inicialmente planificado para 35MW/140MWh con potencial de expansión a más de 100MW/400MWh.
Este es el cuarto proyecto de desarrollo BESS de Solterra, que ya está involucrada en proyectos en Alemania e Italia. N2OFF es una de las cuatro partes financiadoras y tendrá derecho al 15% de las ganancias netas de la transacción. La financiación está estructurada con un período de reembolso esperado de hasta 30 meses tras la venta del proyecto.
La inversión está alineada con la estrategia de N2OFF de expandirse en mercados de energías renovables con alto potencial, apoyando el desarrollo de infraestructuras de almacenamiento energético a escala de red.
N2OFF (NASDAQ: NITO)가 Solterra를 통해 배터리 에너지 저장 시스템(BESS) 프로젝트 자금 조달에 참여하며 폴란드 재생 에너지 시장에 진출했다고 발표했습니다. 이 프로젝트는 초기 용량이 35MW/140MWh로 계획되어 있으며, 100MW/400MWh 이상의 확장 가능성이 있습니다.
이번 프로젝트는 Solterra의 네 번째 BESS 개발 사업으로, 회사는 이미 독일과 이탈리아에서 프로젝트를 진행 중입니다. N2OFF는 네 곳의 자금 조달 참여자 중 하나이며, 거래로부터 발생하는 순이익의 15%를 받을 권리가 있습니다. 자금 조달은 프로젝트 판매 후 최대 30개월 이내에 상환될 것으로 예상됩니다.
이번 투자는 고성장 잠재력을 가진 재생 에너지 시장으로의 확장과 그리드 규모 에너지 저장 인프라 개발 지원이라는 N2OFF의 전략에 부합합니다.
N2OFF (NASDAQ: NITO) a annoncé son entrée sur le marché polonais des énergies renouvelables en participant au financement d’un projet de Battery Energy Storage System (BESS) via Solterra. Le projet est initialement prévu pour 35MW/140MWh avec une possibilité d’extension à plus de 100MW/400MWh.
Il s’agit du quatrième projet de développement BESS de Solterra, qui est déjà active en Allemagne et en Italie. N2OFF est l’un des quatre financeurs et aura droit à 15% des bénéfices nets issus de la transaction. Le financement est structuré avec une période de remboursement attendue pouvant aller jusqu’à 30 mois après la vente du projet.
Cet investissement s’inscrit dans la stratégie de N2OFF d’étendre sa présence sur des marchés des énergies renouvelables à fort potentiel tout en soutenant le développement des infrastructures de stockage d’énergie à l’échelle du réseau.
N2OFF (NASDAQ: NITO) hat seinen Einstieg in den polnischen Markt für erneuerbare Energien bekannt gegeben, indem es sich an der Finanzierung eines Battery Energy Storage System (BESS)-Projekts über Solterra beteiligt. Das Projekt ist zunächst mit 35MW/140MWh geplant, mit der Möglichkeit einer Erweiterung auf über 100MW/400MWh.
Dies ist Solterras viertes BESS-Entwicklungsprojekt; das Unternehmen ist bereits in Projekten in Deutschland und Italien aktiv. N2OFF ist einer von vier Finanzierungspartnern und erhält Anspruch auf 15% des Nettogewinns aus der Transaktion. Die Finanzierung ist so strukturiert, dass eine Rückzahlung innerhalb von bis zu 30 Monaten nach Projektverkauf erwartet wird.
Die Investition entspricht der Strategie von N2OFF, in vielversprechende Märkte für erneuerbare Energien zu expandieren und den Ausbau von netzgebundenen Energiespeicherinfrastrukturen zu unterstützen.
- Entry into Polish renewable energy market expands geographic footprint
- Potential project capacity expansion from 35MW/140MWh to over 100MW/400MWh
- 15% share of net profits from the transaction
- Structured financing with clear 30-month repayment timeline
- Return on investment dependent on successful project sale
- Extended repayment period of up to 30 months
- Limited 15% profit share compared to other financing parties
N2OFF to take part in financing a 35MW/140MWh planned Battery Energy Storage System project in Poland
Neve Yarak, Israel, May 09, 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 Solterra’s entry into the Polish renewable energy market by participating in the financing of a Battery Energy Storage System (BESS) project in Poland.
The project, currently planned at 35MW/140MWh, represents a significant step in expanding Solterra’s large-scale energy storage solutions in the region. N2OFF, along with other lenders, will assist with financing an initial payment under a signed grid connection agreement. Future development plans include applying for an increase in capacity to more than 100MW/400MWh.
This is Solterra’s fourth BESS development project and Solterra is engaged in additional later stages projects in Germany and Italy.
N2OFF is one of four parties providing financing under a structured agreement, with the funds currently expected to be repaid upon the sale of the project within a period of up to 30 months. In addition to the return of principal, each lender will be entitled to a portion of the net profits based on their participation. N2OFF’s share is
“This entry into Poland aligns with our strategy to expand into high-potential renewable energy project in different markets,” said David Palach, CEO of N2OFF. “Grid-scale energy storage is essential for enabling a stable, low-carbon energy future, and we are proud to support the early-stage development of such infrastructure.”
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. 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 March 31, 2025, 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
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