24/7 Market News Snapshot 09 May, 2025 – N2OFF, Inc. Common Stock (NASDAQ:NITO)

May 9, 2025

DENVER, Colo., 09 May, 2025 (www.247marketnews.com) – (NASDAQ:NITO) are discussed in this article.
N2OFF, Inc. (NITO) is experiencing a significant surge in pre-market trading, with shares currently priced at $0.536, marking a remarkable increase of 41.05% from the previous day’s close of $0.380. This surge indicates strong investor confidence, supported by a substantial trading volume of 14.81 million shares. The upward price movement suggests heightened market interest, potentially driven by recent positive developments surrounding the company.

In a key strategic move, N2OFF has announced a partnership with Solterra Renewable Energy Ltd. to finance an innovative Battery Energy Storage System (BESS) project designed to transform renewable energy storage capabilities. This ambitious project aims for an initial capacity of 35MW/140MWh, underscoring N2OFF’s commitment to advancing sustainable energy solutions. The increasing global demand for energy necessitates large-scale storage solutions to ensure a stable transition to low-carbon energy sources.

With a signed grid connection agreement now in place, N2OFF is among a select group of lenders supporting the early phases of this project, which is expected to expand capacity beyond 100MW/400MWh. This initiative represents Solterra’s fourth BESS project, enhancing its footprint in the energy storage market and extending its reach into regions like Germany and Italy.

David Palach, CEO of N2OFF, stated, “Our entry into this transformative project is a testament to our strategic vision of expanding into high-potential renewable energy markets. Grid-scale energy storage is essential for enabling a stable, low-carbon energy future, and we are proud to support the early-stage development of such vital infrastructure.”

Under the agreed structure, funds for the project will be repaid within up to 30 months through its eventual sale, allowing N2OFF to secure a 15% share of the net profits. This initiative reinforces N2OFF’s dedication to fostering innovative energy solutions while simultaneously contributing to a sustainable future.

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