N2OFF Completes Second Installment of $2.7 Million Investment in Battery Energy Storage Systems

Strategic Insights -

N2OFF, Inc., a cleantech company investing in "Agrifood" Techs Solutions and sustainable energy solutions, has announced the completion of the second installment of a $2.7 million investment in two Battery Energy Storage Systems (BESS) in Sicily, Italy. Each BESS has a capacity of 98MWp/392MWh and aims to enhance grid stability by providing energy storage capacity for frequency regulation, energy arbitrage, and capacity market participation.

The two BESS projects in Sicily are designed to secure preliminary grid connection approvals from Terna SpA, Italy's transmission system operator, and the Company believes it is on track to attain Ready-to-Build (RTB) status within 18-24 months. "We continue to fund our Italian subsidiary and looking forward to achieve Ready-to-Build status," said David Palach, CEO of N2OFF. The Company's 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, the assets with a combined capacity of approximately 196 MWp are valuated at up to $13.5 million, based on an estimate of the 2024 data. The Company believes 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.

Key Takeaways:

  • N2OFF, Inc. has completed the second installment of a $2.7 million investment in two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98MWp/392MWh.
  • The BESS projects aim 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's transmission system operator, and are on track to attain Ready-to-Build (RTB) status within 18-24 months.
  • The combined capacity of approximately 196 MWp is valuated at up to $13.5 million, based on an estimate of the 2024 data.
  • Italy's solar market is experiencing strong growth fueled by government incentives and increasing public awareness to sustainability.
  • Solar electricity generation in Italy is projected to reach 36.47 billion kWh in 2025, with an annual growth rate of 6.86% from 2025-2029.
  • Italy aims for 52 GW of solar capacity by 2030 and 74.6% renewable electricity by 2050.

Statistics:

  • $2.7 million: The second installment of the investment in the two BESS projects.
  • 98MWp/392MWh: The capacity of each BESS project.
  • 196 MWp: The combined capacity of the two BESS projects.
  • $13.5 million: The estimated value of the combined capacity of the two BESS projects.
  • 2024: The year used as a basis for the estimate of the combined capacity of the two BESS projects.
  • 36.47 billion kWh: The projected solar electricity generation in Italy in 2025.
  • 6.86%: The annual growth rate of solar electricity generation in Italy from 2025-2029.
  • 52 GW: The target solar capacity of Italy by 2030.
  • 74.6%: The target renewable electricity proportion of Italy by 2050.

Sources:

  • N2OFF, Inc. press release, "N2OFF Completes Second Installment of $2.7 Million Investment in Battery Energy Storage Systems", July 11, 2025.
  • GLOBE NEWSWIRE, "N2OFF, Inc. (NASDAQ: NITO) (FSE:80W) Announces Completion of Second Installment of $2.7 Million Investment in Two Battery Energy Storage Systems in Sicily, Italy".