Neve Yarak, Israel, Dec. 29, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc. (NASDAQ: NITO) ("N2OFF" and the "Company"), a cleantech company investing in solar energy assets based on the RTB (Ready to Build) business model, today announced advancement in its European portfolio via its partnership with Solterra Renewable Energy Ltd. ("Solterra"). Key milestones in Germany and Italy have reduced permitting risks, unlocked value through smart capital deployment, and positioned projects for compelling monetization optionality.
Key Investor Highlights
- Permitting Risk Reduced: Strong progress with zero objections in Germany's public consultation and formal planning submissions in Italy, delivering enhanced visibility to approvals.
- Over $1.69 Million in Value Creation: Strategic renegotiation in Germany optimizes returns through disciplined, capital-efficient moves.
- High-Upside Monetization Flexibility: Italian battery storage projects primed for value realization in H2 2026, with options for sale or build-and-operate based on partner strategy.
Germany Update: on track for Q3 2026 approval with savings secured
- The flagship German project is advancing swiftly, nearing completion of its first public consultation round with no objections or material changes requested to date-a powerful signal of strong regulatory and community support.
- Submission of the draft zoning plan for the final consultation is slated for late January, post-holidays. Current timelines point to final approval in Q3 2026, keeping the project firmly on its path.
- In a demonstration of proactive value optimization, Solterra has indicated that an amendment to the development agreement was executed last week. Solterra will receive approximately €280,000 in advance funding to fuel faster progress, in exchange for a €11,000 per MW reduction in development fees- delivering project-level savings exceeding $1.69 million.
- This capital-efficient transaction underscores N2OFF's focus on maximizing returns while accelerating high-potential assets.
Italy Update: formal submissions mark key milestone toward H2 2026 potential approvals
In late November, planning applications for the Sicilian battery storage projects were formally submitted.
These projects are strongly de-risked with:
• Secured, binding grid connection capacity
• Preliminary land agreements (finalized upon permits)
• Completion of extensive preparatory planning over six months
Absent material objections, planning approvals are targeted for H2 2026. At that stage, N2OFF will assess optimal value realization paths-project sale or construction and operation-aligned with strategic partner decisions.
About N2OFF Inc:
N2OFF is a cleantech company mainly engaged in EU based solar assets using the RTB (Ready to Build) business model. N2OFF is currently the lead investor in four solar projects in three different EU countries, all of which were introduced by Solterra Renewable Energy Ltd., a wholly owned subsidiary of Solterra Energy Ltd.
N2OFF also holds 100% in MitoCareX Bio Ltd. ("MitoCareX"), a biotech company focused on drug discovery targeting cancer therapeutics, with a range of other potential diseases and disorders, through targeting the mitochondrial SLC25 protein family.
In addition, N2OFF also controls approximately 98% of Save Foods Ltd., an Israeli company focused on post-harvest treatments for fruits and vegetables, aiming to control and prevent pathogen contamination. For more information on Save Foods 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 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 "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
