N2off Provides Business Update on Successful Execution of Solar and Energy Storage Initiatives Across Europe

N2OFF (NASDAQ: NITO) reported significant progress in its European solar and energy storage initiatives. The company's flagship project in Melz, Germany includes a 115 MWp solar PV facility and a 107 MW/214 MWh battery storage system, with RTB status expected by 2026. The project received municipal approval and secured grid connection through E.dis.

In Italy, N2OFF holds a 70% stake in two Battery Energy Storage Systems in Sicily, each with 98 MWp/392 MWh capacity. Both projects have received connection approval from Terna SpA and are expected to reach RTB status by mid-2027. The company provided €600,000 in debt financing for the Melz BESS integration, featuring a 7% annual interest rate and 25% profit-sharing agreement.