N2OFF Completes聽$1.2 million of its $2.7 million Total Commitment to Finance 196MWp Battery Energy Storage Assets in Italy
N2OFF (NASDAQ: NITO) has completed the second installment of a $2.7 million investment for two Battery Energy Storage Systems (BESS) in Sicily, Italy. The company has invested $1.2 million to date through its 70%-owned Italian subsidiary for the development of two 98MWp/392MWh BESS facilities.
The projects, with a combined capacity of 196 MWp, are estimated to be worth up to $13.5 million based on an industry valuation of $70,000 per MW. The BESS projects have received preliminary grid connection approvals from Terna SpA and are expected to achieve Ready-to-Build (RTB) status within 18-24 months.
N2OFF (NASDAQ: NITO) ha completato il secondo versamento di un investimento da 2,7 milioni di dollari per due sistemi di accumulo di energia a batteria (BESS) in Sicilia, Italia. L'azienda ha investito finora 1,2 milioni di dollari tramite la sua controllata italiana al 70% per lo sviluppo di due impianti BESS da 98MWp/392MWh ciascuno.
I progetti, con una capacit脿 combinata di 196 MWp, sono stimati avere un valore fino a 13,5 milioni di dollari basandosi su una valutazione di settore di 70.000 dollari per MW. I progetti BESS hanno ottenuto le approvazioni preliminari per il collegamento alla rete da Terna SpA e si prevede che raggiungano lo stato Ready-to-Build (RTB) entro 18-24 mesi.
N2OFF (NASDAQ: NITO) ha completado la segunda cuota de una inversi贸n de 2,7 millones de d贸lares para dos Sistemas de Almacenamiento de Energ铆a con Bater铆as (BESS) en Sicilia, Italia. La compa帽铆a ha invertido hasta la fecha 1,2 millones de d贸lares a trav茅s de su subsidiaria italiana con un 70% de propiedad para el desarrollo de dos instalaciones BESS de 98MWp/392MWh.
Los proyectos, con una capacidad combinada de 196 MWp, se valoran en hasta 13,5 millones de d贸lares seg煤n una valoraci贸n del sector de 70.000 d贸lares por MW. Los proyectos BESS han recibido aprobaciones preliminares para la conexi贸n a la red de Terna SpA y se espera que alcancen el estatus Ready-to-Build (RTB) en un plazo de 18-24 meses.
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N2OFF (NASDAQ: NITO) a finalis茅 le deuxi猫me versement d鈥檜n investissement de 2,7 millions de dollars pour deux syst猫mes de stockage d鈥櫭﹏ergie par batterie (BESS) en Sicile, Italie. La soci茅t茅 a investi 脿 ce jour 1,2 million de dollars via sa filiale italienne d茅tenue 脿 70 % pour le d茅veloppement de deux installations BESS de 98MWp/392MWh chacune.
Les projets, d鈥檜ne capacit茅 combin茅e de 196 MWp, sont estim茅s 脿 une valeur pouvant atteindre 13,5 millions de dollars selon une valorisation sectorielle de 70 000 dollars par MW. Les projets BESS ont re莽u des approbations pr茅liminaires de connexion au r茅seau de Terna SpA et devraient atteindre le statut Ready-to-Build (RTB) dans un d茅lai de 18 脿 24 mois.
N2OFF (NASDAQ: NITO) hat die zweite Tranche einer Investition von 2,7 Millionen US-Dollar f眉r zwei Batteriespeichersysteme (BESS) in Sizilien, Italien, abgeschlossen. Das Unternehmen hat bisher 1,2 Millionen US-Dollar 眉ber seine zu 70 % gehaltene italienische Tochtergesellschaft in die Entwicklung von zwei BESS-Anlagen mit jeweils 98 MWp/392 MWh investiert.
Die Projekte mit einer Gesamtleistung von 196 MWp werden basierend auf einer Branchenbewertung von 70.000 US-Dollar pro MW auf bis zu 13,5 Millionen US-Dollar gesch盲tzt. Die BESS-Projekte haben vorl盲ufige Netzanschlussgenehmigungen von Terna SpA erhalten und sollen innerhalb von 18-24 Monaten den Ready-to-Build-Status (RTB) erreichen.
- Potential valuation of $13.5 million for the BESS projects
- Secured preliminary grid connection approvals from Italy's transmission operator
- Strong growth potential in Italian solar market with projected 6.86% annual growth rate
- 70% ownership stake in the Italian subsidiary provides significant control
- Only $1.2 million invested out of $2.7 million total commitment
- 18-24 month timeline to achieve Ready-to-Build status indicates lengthy development period
- Additional funding of $1.5 million still needed to complete the investment
Insights
N2OFF's $1.2M investment in Italian battery storage represents significant progress toward potential $13.5M asset value, though RTB completion remains 18-24 months away.
N2OFF has completed the second installment of its
The company is employing a Ready-to-Build (RTB) business model, where they secure necessary permits, grid connections, and land rights before selling the developed assets. According to the release, industry estimates value such RTB assets at approximately
From a technical perspective, these projects have already secured preliminary grid connection approvals from Terna SpA, Italy's transmission system operator - a critical milestone. The systems are designed for multiple revenue streams: frequency regulation (stabilizing grid frequency), energy arbitrage (buying low, selling high), and capacity market participation (ensuring power availability during peak demand).
However, investors should note the timeline: N2OFF estimates these projects will reach RTB status in 18-24 months, meaning any potential asset sale remains a future prospect. The Italian renewable market context appears favorable, with solar generation projected to reach 36.47 billion kWh in 2025 with
According to聽, 鈥淩eady to Build鈥� battery storage projects of this capacity may yield up to
Neve Yarak, Israel, July 11, 2025 (GLOBE NEWSWIRE) -- Today, N2OFF, Inc.(NASDAQ: NITO) (FSE:80W) (鈥�N2OFF鈥� and the 鈥�Company鈥�), a cleantech company investing in 鈥淎grifood鈥� Techs Solutions and sustainable energy solutions through Solar Energy assets based on the business model, announced completion of the second installment of a
The Company鈥檚 BESS projects in Italy are RTB assets, aiming to secure the necessary permits, grid connection agreements and land rights, priming them for future sale.
According to industry sources, these assets, with a combined capacity of approximately 196 MWp, are valuated at up to
The two BESS projects in Sicily are designed to enhance grid stability by providing energy storage capacity for frequency regulation, energy arbitrage and capacity market participation. The projects have secured preliminary grid connection approvals from Terna SpA, Italy鈥檚 transmission system operator, and the Company believes it is on track to attain RTB status within 18-24 months.
鈥淲e continue to fund our Italian subsidiary and looking forward to achieve Ready-to-Build status,鈥� said David Palach, CEO of N2OFF. 鈥淥ur estimates are supported by 2024 data, and we believe the potential could be even higher, as Italy's solar market is experiencing strong growth fueled by government incentives and increasing public awareness to sustainability. Solar electricity generation is projected to reach 36.47 billion kWh in 2025, with an annual growth rate of
About N2OFF Inc:
N2OFF, Inc. (formerly Save Foods, Inc.) is a cleantech company engaged in sustainable operations investing in solar assets and green 鈥淎grifood鈥� tech. Through its operational activities, it delivers integrated solutions for generating sustainable energy and providing safe and quality solutions for the 鈥淎grifood鈥� tech market. N2OFF recently entered the solar market, and we are funding various projects in the EU that were introduced by Solterra Renewable Energy Ltd. Save Foods Ltd., N2OFF's majority-owned Israeli subsidiary, focuses on post-harvest treatments for fruit and vegetables, intended to control and prevent pathogen contamination. For more information on Save Foods Ltd. visit our website: .
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渟eeks,鈥� 鈥渆stimates鈥� 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 Energy Ltd., 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 鈥淩isk Factors鈥� in N2OFF鈥檚 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
FAQ
What is the total investment commitment of N2OFF (NITO) for the Italian BESS projects?
What is the capacity and estimated value of N2OFF's Battery Storage projects in Sicily?
When will N2OFF's Italian BESS projects achieve Ready-to-Build status?
What is the purpose of N2OFF's Battery Energy Storage Systems in Italy?
What are Italy's renewable energy targets according to the N2OFF announcement?
