N2OFF plans to increase its investment in 111 MWp project in Melz, Germany

N2OFF (NITO) announced plans to increase its investment in the 111 MWp solar photovoltaic project in Melz, Germany, to explore the integration of a 40-60 MWp battery energy storage system, BESS. This investment is part of N2OFF’s intention to advance its renewable energy business. The Melz project, a cornerstone of N2OFF’s joint venture in the renewable energy sector, received approval from the Melz Municipal Committee on December 31, 2024 to promote the inclusion of the project in its statutory plan, marking a significant step toward ready-to-build status by early of 2026. The proposed addition of a 40-60 MWp BESS aims to enhance the project’s capacity to store and deliver clean energy and ensure grid stability. “We are excited to take this step toward enhancing the Melz solar project with advanced battery storage technology,” said David Palach, CEO of N2OFF. “By increasing our investment to explore a 40-60 MWp BESS, we are strengthening our position in our current project and continue to explore what we believe to be new lucrative opportunities.”