N2OFF Inc. and Solterra Unlock New Potential for Capacity Expansion in Solar PV Project
N2OFF Inc. (NASDAQ: NITO) has announced an update on its Solar PV Joint Venture Project with Solterra Renewable Energy in Meltz, Germany. Following approval for grid connection, Solterra's report indicates a 10% increase in capacity, exceeding initial expectations. This opens up two potential pathways to maximize value:
1. Increasing the project's capacity by up to 10%
2. Incorporating battery storage solutions
The current design requires a 97 MW grid connection for 111 MWp capacity, but the approved connection exceeds this by 10%. N2OFF and Solterra are examining both options to enhance efficiency and profitability. This increased capacity could potentially lead to a higher overall valuation of the project, even if not immediately pursued. CEO David Palach expressed excitement about the additional grid capacity's potential and commitment to maximizing the opportunity.
N2OFF Inc. (NASDAQ: NITO) ha annunciato un aggiornamento sul suo Progetto di Joint Venture Fotovoltaico con Solterra Renewable Energy a Meltz, Germania. Dopo l'approvazione per la connessione alla rete, il rapporto di Solterra indica un aumento della capacit脿 del 10%, superando le aspettative iniziali. Questo apre due potenziali strade per massimizzare il valore:
1. Aumentare la capacit脿 del progetto fino al 10%
2. Integrare soluzioni di stoccaggio con batterie
Il design attuale richiede una connessione alla rete di 97 MW per una capacit脿 di 111 MWp, ma la connessione approvata supera questo valore del 10%. N2OFF e Solterra stanno esaminando entrambe le opzioni per migliorare l'efficienza e la redditivit脿. Questa capacit脿 aumentata potrebbe potenzialmente portare a una valutazione complessiva pi霉 elevata del progetto, anche se non perseguita immediatamente. Il CEO David Palach ha espresso entusiasmo riguardo al potenziale della capacit脿 di rete aggiuntiva e l'impegno a massimizzare l'opportunit脿.
N2OFF Inc. (NASDAQ: NITO) ha anunciado una actualizaci贸n sobre su Proyecto de Joint Venture de Energ铆a Solar con Solterra Renewable Energy en Meltz, Alemania. Tras la aprobaci贸n de la conexi贸n a la red, el informe de Solterra indica un aumento del 10% en la capacidad, superando las expectativas iniciales. Esto abre dos posibles v铆as para maximizar el valor:
1. Aumentar la capacidad del proyecto hasta un 10%
2. Incorporar soluciones de almacenamiento de bater铆a
El dise帽o actual requiere una conexi贸n a la red de 97 MW para una capacidad de 111 MWp, pero la conexi贸n aprobada excede esto en un 10%. N2OFF y Solterra est谩n examinando ambas opciones para mejorar la eficiencia y la rentabilidad. Esta capacidad aumentada podr铆a llevar potencialmente a una valoraci贸n global m谩s alta del proyecto, incluso si no se persigue de inmediato. El CEO David Palach expres贸 su entusiasmo por el potencial de la capacidad adicional de red y su compromiso de maximizar la oportunidad.
N2OFF Inc. (NASDAQ: NITO)電 霃呾澕 Meltz鞐愳劀 Solterra Renewable Energy鞕鞚 韮滌枒甏 瓿惦彊 韴瀽 頂勲鞝濏姼鞐 雽頃 鞐呺嵃鞚错姼毳 氚滍憸頄堨姷雼堧嫟. 攴鸽Μ霌 鞐瓣舶 鞀轨澑 鞚错泟, Solterra鞚 氤搓碃靹滊姅 10% 鞖╇焿 歃濌皜毳 雮橅儉雮挫柎 齑堦赴 旮半寑旃橂ゼ 齑堦臣頄堨姷雼堧嫟. 鞚措姅 臧旃橂ゼ 攴闺寑頇旐暊 靾 鞛堧姅 霊 臧歆 鞛犾灛鞝 瓴诫毳 鞐挫柎欷嶋媹雼:
1. 頂勲鞝濏姼鞚 鞖╇焿鞚 斓滊寑 10%旯岇 歃濌皜鞁滍偆旮
2. 氚绊劙毽 鞝鞛 靻旊（靺 韱淀暕頃橁赴
順勳灛 靹り硠電 111 MWp 鞖╇焿鞚 鞙勴暅 97 MW 攴鸽Μ霌 鞐瓣舶鞚 鞖旉惮頃橃毵, 鞀轨澑霅 鞐瓣舶鞚 鞚措ゼ 10% 齑堦臣頃╇媹雼. N2OFF鞕 Solterra電 須湪靹标臣 靾橃澋靹膘潉 頄レ儊鞁滍偆旮 鞙勴暣 霊 臧歆 鞓奠厴鞚 瓴韱犿晿瓿 鞛堨姷雼堧嫟. 鞚 歃濌皜霅 鞖╇焿鞚 頂勲鞝濏姼鞚 鞝勲皹鞝侅澑 臧旃 韽夑皜毳 雴掛澕 靾 鞛堧姅 鞛犾灛霠レ潉 臧歆 靾 鞛堨溂氅, 歃夓嫓 於旉惮頃橃 鞎婋崝霛茧弰 臧電ロ暕雼堧嫟. CEO 雿办澊牍勲摐 韺旊澕旃橂姅 於旉皜 攴鸽Μ霌 鞖╇焿鞚 鞛犾灛霠レ棎 雽頃 頋ル秳鞚 響滍槃頃橂┌ 旮绊殞毳 攴闺寑頇旐晿瓴犽嫟電 鞚橃毳 氚濏様鞀惦媹雼.
N2OFF Inc. (NASDAQ: NITO) a annonc茅 une mise 脿 jour concernant son Projet de Joint Venture Photovolta茂que avec Solterra Renewable Energy 脿 Meltz, en Allemagne. Suite 脿 l'approbation de la connexion au r茅seau, le rapport de Solterra indique une augmentation de capacit茅 de 10%, d茅passant les attentes initiales. Cela ouvre deux voies potentielles pour maximiser la valeur :
1. Augmenter la capacit茅 du projet jusqu'脿 10%
2. Incorporer des solutions de stockage par batterie
La conception actuelle n茅cessite une connexion au r茅seau de 97 MW pour une capacit茅 de 111 MWp, mais la connexion approuv茅e d茅passe cela de 10%. N2OFF et Solterra examinent les deux options pour am茅liorer l'efficacit茅 et la rentabilit茅. Cette capacit茅 accrue pourrait potentiellement conduire 脿 une 茅valuation globale plus 茅lev茅e du projet, m锚me si cela n'est pas poursuivi imm茅diatement. Le PDG David Palach a exprim茅 son enthousiasme pour le potentiel de la capacit茅 de r茅seau suppl茅mentaire et son engagement 脿 maximiser cette opportunit茅.
N2OFF Inc. (NASDAQ: NITO) hat ein Update zu seinem Solar PV Joint Venture Projekt mit Solterra Renewable Energy in Meltz, Deutschland, bekannt gegeben. Nach der Genehmigung der Netzverbindung deutet der Bericht von Solterra auf eine 10%ige Kapazit盲tssteigerung hin, die die urspr眉nglichen Erwartungen 眉bertrifft. Dies er枚ffnet zwei potenzielle Wege, um den Wert zu maximieren:
1. Erh枚hung der Projektkapazit盲t um bis zu 10%
2. Integration von Batteriespeicherl枚sungen
Das aktuelle Design verlangt eine Netzverbindung von 97 MW f眉r 111 MWp Kapazit盲t, aber die genehmigte Verbindung 眉bersteigt dies um 10%. N2OFF und Solterra pr眉fen beide Optionen zur Verbesserung der Effizienz und Rentabilit盲t. Diese gesteigerte Kapazit盲t k枚nnte potenziell zu einer h枚heren Gesamteinsch盲tzung des Projekts f眉hren, auch wenn dies nicht sofort verfolgt wird. CEO David Palach zeigte sich begeistert von dem Potenzial der zus盲tzlichen Netzkapazit盲t und dem Engagement, die M枚glichkeit zu maximieren.
- 10% increase in approved grid connection capacity
- Potential to increase project capacity by up to 10%
- Possibility to incorporate battery storage solutions
- Higher potential valuation of the project
- None.
Insights
The news of a potential 10% capacity increase in N2OFF's Solar PV Joint Venture Project with Solterra is moderately positive. This unexpected boost opens up two promising avenues for value enhancement:
- Expanding project capacity by up to 10%, potentially increasing energy output and revenue
- Incorporating battery storage solutions, which could improve grid stability and potentially unlock additional revenue streams
While the exact financial impact remains uncertain, the increased capacity undoubtedly adds value to the project. This could be particularly significant if N2OFF decides to sell the project, as the higher capacity would likely translate to a higher valuation. However, it's important to note that further examination is needed to determine the most profitable path forward.
For investors, this development signals potential for improved project economics and demonstrates N2OFF's commitment to maximizing value. The company's proactive approach in exploring these options is encouraging, though concrete financial benefits are yet to be quantified.
Solterra's review reveals a
Neve Yarak, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (鈥淣2OFF鈥 and the 鈥淐ompany鈥), a clean tech company engaged in sustainable solutions for energy and innovation for the agri- tech, updated regarding its Solar PV Joint Venture Project with Solterra Renewable Energy Ltd. (鈥淪olterra鈥). As announced on September 11, 2024, following receiving the required approval to connect to the power grid of a regional energy service provider in Meltz, Germany, Solterra sent the Company an additional report that indicates possible avenues to potentially increase the project鈥檚 value.
The current project design requires a grid connection of 97 MW to deliver an aggregate capacity of 111 MWp. The approved grid connection capacity exceeds such requirement by approximately
The Company and Solterra are currently examining both potential pathways in hopes of determining which could enhance the project's overall efficiency and profitability.
While further examination is required to assess the viability of these pathways and to determine which could be more profitable, we believe the increased capacity adds significant potential value to the project, even if these pathways are not immediately pursued. Such potential includes a higher overall valuation of the project in the event it is sold.
David Palach, N2OFF鈥檚 CEO, added "We are excited by the possible potential this additional grid capacity could provide. We are committed to exploring these options to increase the project value and will continue in our efforts to maximize this opportunity.鈥
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 the 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. N2OFF also has a minority ownership in Plantify Foods, Inc., a Canadian company listed on the TSXV that offers a wide range of clean-label healthy food options. For more information on Save Foods Ltd. and NTWO OFF 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, 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 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 Contacts:
Michal Efraty
FAQ
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