N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, has released a status update on its Solar PV joint venture project with Solterra Renewable Energy Ltd. N2OFF recently received an additional report from Solterra after the company received required approval to connect to the power grid of a regional energy service provider in Meltz, Germany; the report notes a 10% capacity increase, exceeding initial expectations and opening new opportunities for growth, including possibly increasing the project’s capacity by up to 10% or incorporating battery-storage solutions. The two companies are exploring both opportunities to identify which might best enhance the project’s overall efficiency and profitability.
To view the full press release, visit https://ibn.fm/KPsx3
About N2OFF Inc.
N2OFF (formerly known as Save Foods Inc.) is a clean-tech company engaged in sustainable solutions for energy and innovation for agritech. Through its operational activities, the company delivers integrated solutions for sustainable energy, greenhouse-gas-emissions reduction and safety, and quality solutions for the agritech 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 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 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 TSX.V that offers a wide range of clean-label healthy food options. For more information about the company, please visit www.N2OFF.com.
NOTE TO INVESTORS: The latest news and updates relating to N2OFF are available in the company’s newsroom at https://ibn.fm/NITO
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