X2M Connect (ASX:X2M) has formalised a smart community agreement with Resi Ventures, marking a milestone in the deployment of its proprietary energy management technology.
The binding contract focuses on the 1,000-lot McMahon’s Place estate in Echuca, Victoria, where X2M will offer its comprehensive "Smart Energy" solution to incoming homeowners.
The rollout follows the commencement of infrastructure construction at the site in September 2025 and represents a projected $2 million revenue opportunity for X2M, assuming full adoption across the estate.
The integrated energy offering is designed to significantly enhance household affordability and sustainability.
Participating residents will receive upgraded solar systems, access to a community battery—contingent on regulatory approvals—and a sophisticated home energy management platform.
The system connects high-load appliances, including air conditioning, pool pumps, and hot water services, to a central platform that uses advanced analytics to optimise energy generation and storage in real-time.
For homeowners, this translates to an estimated $1,000 annual reduction in electricity costs compared to standard 7-star homes.
Beyond the Echuca Project, the partnership signals a long-term strategic alliance. X2M has also signed a non-binding memorandum of understanding with Resi Ventures to expand the solutions to approximately 4,000 additional lots across Victoria and Queensland.