N2OFF Advances European Renewables, Unlocking Value in a Diverse Strategy

NEVE YARAK, ISRAEL – December 29, 2025 – Cleantech investor N2OFF, Inc. (NASDAQ: NITO) today announced significant progress in its European renewable energy portfolio, achieving key de-risking milestones in Germany and Italy that highlight the execution of its 'Ready to Build' (RTB) strategy. Through a partnership with developer Solterra Renewable Energy Ltd., the company has advanced major solar and battery storage projects, unlocked approximately $1.69 million in value through strategic financial maneuvering, and positioned itself to capitalize on Europe's green energy transition.

While the company solidifies its cleantech footprint, its corporate structure reveals a uniquely diversified approach, with substantial holdings in high-growth biotech and established agritech ventures. This dual-pronged strategy pairs the tangible development of green infrastructure with speculative bets in life sciences, presenting a complex but potentially resilient model for value creation.

German Solar Project Gains Momentum and Unlocks Savings

N2OFF's flagship solar project in Germany is advancing swiftly, providing a clear example of its operational model. The project recently passed its first public consultation round with zero objections, a critical step that signals strong community and regulatory support and significantly reduces permitting risk. With the draft zoning plan set for submission in late January, the project remains on track for a targeted final approval in the third quarter of 2026.

This progress occurs against the backdrop of Germany’s ambitious energy policy. The nation is aggressively expanding its renewable capacity, aiming to reach 215 GW of installed solar PV by 2030. Recent legislation, known as "Solarpaket 1," is designed to streamline development and enhance financial support for solar installations, creating a favorable environment for shovel-ready projects like N2OFF's.

In a demonstration of what it calls “proactive value optimization,” N2OFF revealed that its partner, Solterra, executed an amendment to their development agreement. Solterra will receive an advance of approximately €280,000 to accelerate progress, and in return, N2OFF will benefit from an €11,000 per megawatt reduction in development fees. The company states this renegotiation results in project-level savings exceeding $1.69 million, a move that showcases a disciplined, capital-efficient approach to maximizing returns even before construction begins. This financial maneuver is a core tenet of the RTB model, where investors enter de-risked projects and seek to optimize value through financing and management rather than early-stage development.

Further capitalizing on the supportive German market, N2OFF also announced an expansion of its German solar project to include a 60MW battery storage investment, aligning with the growing need for grid stability as intermittent renewables dominate the energy mix.

Italian Battery Storage Primed for High-Value Monetization

In Italy, N2OFF is focusing on the burgeoning battery energy storage system (BESS) market. In late November, formal planning applications were submitted for its battery storage projects in Sicily. These projects are already substantially de-risked, having secured binding grid connection capacity and preliminary land agreements, which will be finalized once permits are granted.

This move is strategically timed. Italy has emerged as one of Europe's most attractive markets for BESS investment, driven by a national target of 50 GWh of battery capacity by 2030. The Italian government is actively fostering this growth through mechanisms like the MACSE national energy storage tender and the Capacity Market, which provide financial incentives to ensure grid reliability. While the market may see a temporary slowdown in 2025-2026, a strong rebound is projected from 2027 onwards as large-scale projects come online.

N2OFF's Sicilian projects are positioned to ride this wave. With planning approvals targeted for the second half of 2026, the company will have significant monetization flexibility. Depending on market conditions and partner strategy, N2OFF can choose to sell the fully permitted projects to larger utilities or independent power producers—a standard RTB exit—or move forward with construction and operation to secure long-term revenue streams. This optionality provides a hedge against market volatility and allows the company to pursue the most lucrative path to value realization.

A Diversified Portfolio Beyond Green Energy

What sets N2OFF apart from many pure-play cleantech firms is its diversified investment strategy. While its core business focuses on European solar assets, the company also holds controlling stakes in two entirely different sectors: biotechnology and agricultural technology.

In a significant move, N2OFF completed its merger with MitoCareX Bio Ltd. in October 2025, making the biotech firm a wholly-owned subsidiary. N2OFF has committed an initial $1 million investment to support MitoCareX's work in cancer drug discovery, which targets the mitochondrial SLC25 protein family to develop therapies for difficult-to-treat cancers. This acquisition positions N2OFF to tap into the global cancer therapeutics market, a sector projected to reach nearly $380 billion by 2032. The deal structure includes milestone-based stock issuances, tying future rewards directly to MitoCareX's success.

In addition to its biotech venture, N2OFF controls approximately 98% of Save Foods Ltd., an Israeli company specializing in post-harvest treatments that reduce waste and prevent pathogen contamination in fruits and vegetables. This holding aligns with global sustainability trends but operates in a completely different market from energy or pharmaceuticals.

This multi-sector approach presents both opportunities and risks. Diversification can provide resilience, insulating the company from a downturn in any single industry. However, it also risks diluting management focus and capital resources across disparate fields that lack obvious operational synergies. The success of this unconventional strategy will depend on N2OFF's ability to effectively manage its diverse assets and convince investors that its bets on cleantech, biotech, and agritech can collectively generate superior returns.