X2M Connect seals smart energy deal for 1,000-home Echuca estate

An announcement from X2M Connect Limited ( (AU:X2M) ) is now available.

X2M Connect has signed a Smart Community Agreement with Resi Ventures’ Echuca McMahon subsidiary to offer its Smart Energy solution across the 1,000-lot McMahon’s Place estate in Echuca, Victoria, an opportunity estimated at about $2 million in revenue if fully adopted. The integrated package combines upgraded solar, home energy management, access to a community battery and financing support, with X2M estimating about $1,000 in annual electricity bill savings per home compared with standard 7-star dwellings.

The company has also entered a non-binding memorandum of understanding with Resi Ventures to extend the Smart Energy offering to roughly 4,000 additional lots across ten estates in Victoria and Queensland, creating a pipeline aligned with Australia’s broader housing build targets. Management positions the deal as a key step in shifting X2M beyond traditional utilities into scalable smart community ecosystems, aiming to capitalise on rapid global smart city growth and strengthen its role in next-generation residential infrastructure.

The most recent analyst rating on (AU:X2M) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on X2M Connect Limited stock, see the AU:X2M Stock Forecast page.

More about X2M Connect Limited

X2M Connect Limited is an Australian smart city technology company that provides patent-backed platforms for utilities and government customers. Its AI-powered edge and cloud systems connect water, gas, electricity and other critical sensors to enable real-time data exchange, remote control and predictive insights, targeting productivity gains, lower operating costs and improved public safety in fast-growing smart utilities markets.

Average Trading Volume: 150,000

Technical Sentiment Signal: Sell

Current Market Cap: A$5.69M

See more insights into X2M stock on TipRanks’ Stock Analysis page.