N2OFF to Expand its Melz Solar Project with Battery Storage | NITO Stock News

StockTitan
2025.09.11 11:42
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N2OFF, Inc. (NASDAQ: NITO) is expanding its Melz Solar Project in Germany by integrating a large-scale battery energy storage system (BESS) with a capacity of 107 MW / 214 MWh. This expansion aims to enhance project revenues and provide additional grid services. N2OFF has provided €600,000 in debt financing to Solterra Renewable Energy Ltd. for this purpose, with potential profits shared post-repayment. The project is expected to significantly increase profitability through load shifting and ancillary services, creating a diversified revenue stream for stockholders. Final plan approval is anticipated in early 2026.