HIGHLIGHTS
- Agreement with Resi Ventures to offer X2M Smart Energy to purchasers across the 1,000-lot McMahon’s Place estate in Echuca, Victoria.
- Non-binding MoU with Resi Ventures to expand Smart Energy solution to ~ 4,000 additional lots in Victoria and Queensland.
- Includes upgraded solar, home energy management system, access to a community battery, and integrated financing support with an estimated $1,000 per annum reduction in electricity costs versus standard 7-star homes.
- Estimated ~$2 million revenue opportunity if all homes in McMahon’s Place adopt X2M Smart Energy.
- Resi Ventures has a total of $900m in projects across Australia and X2M is working closely with it to build a large pipeline of energy projects.
X2M CEO Mohan Jesudason said:
“McMahon’s Place represents a significant commercial milestone for X2M, with a possible $2 million revenue opportunity from this estate alone. More importantly, it validates a scalable model that we believe can be deployed across Australia’s growing residential development pipeline. We have built the platform, proven the technology at scale and established the partnerships to capture this opportunity. The demand for smart community solutions is accelerating and X2M is well positioned to grow with it.”
Click here to see the full ASX announcement: X2M ASX Announcement 2 April 2026
