24/7 Market News Snapshot 03 January, 2025 – N2OFF, Inc. Common Stock (NASDAQ:NITO)

January 3, 2025

DENVER, Colo., 03 January, 2025 (247marketnews.com) – (NASDAQ:NITO) are discussed in this article.
N2OFF, Inc. (NASDAQ:NITO) is experiencing a remarkable surge in the pre-market, as shares currently trade at $1.737, reflecting an impressive increase of 62.34% from the last closing price of $1.070. This bullish trend is underscored by a substantial trading volume of 26.38 million shares, signaling strong investor interest and confidence in the firm’s potential. Technical indicators suggest that further upward movement may be on the horizon, prompting both traders and analysts to keep a close watch on key resistance levels and momentum shifts.

In addition to its stock market performance, N2OFF is taking significant strides in the renewable energy sector through a strategic partnership with Solterra Brand Services Italy (SBSI). This collaboration entails a binding Letter of Intent that enables N2OFF to acquire a 70% stake in two cutting-edge Battery Energy Storage Systems (BESS) located in a prime area of Europe. Each project is designed with a robust capacity of 98MWp/392MWh, catering to the burgeoning demand for advanced energy storage solutions.

This initiative signifies N2OFF’s commitment to promoting the adoption of renewable energy, aligning with broader efforts in solar energy and energy storage. Following a successful due diligence assessment by Solterra, the partnership entails an investment of up to €2.35 million, highlighting the critical role of energy storage in maintaining grid stability amidst the rise of renewable energy sources.

The recent launch of the Market for Ancillary Services for Energy Storage (MACSE) scheme in Italy further bolsters this initiative, with capacity auctions planned for the first half of 2025. This scheme is instrumental in facilitating a stable transition to renewable energy resources. Through this dynamic partnership, N2OFF aims to address climate challenges while enhancing its position in the clean technology landscape, marking a significant milestone in its growth trajectory.

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