Company Interview / Ballarat to bytes: X2M racks up regional data centre deal

Key points:

X2M Connect targets regional Australian data centres via a non-exclusive partnership with Resi Ventures Jesudason highlights a SaaS-led model managing energy and sensor systems for 10–15MW facilities Miners Rest in regional Victoria is the first planned deployment with on-site solar and battery Jesudason flags expansion into other data centre operators and Asian markets for further growth

X2M Connect (ASX:X2M) is set to expand into regional data centres through a new partnership with Resi Ventures, a move CEO Mohan Jesudason frames as a major new growth vertical for the company. Jesudason states the strategy targets “nano to mid-size” data centres of 10–15MW across regional Australia, with the first project at Miners Rest near Ballarat in regional Victoria. The site spans 120 acres and, in Jesudason’s view, can be fully powered by its own solar and battery infrastructure.

Jesudason positions X2M’s proprietary AI-enabled platform as the core competitive edge, aggregating and managing energy systems and a wide range of in-centre sensors, from temperature to leak detection and cooling. He sees the model as predominantly Software-as-a-Service, with hardware supplied where it enhances recurring SaaS revenue. Revenue contribution from the data centre vertical is, in his view, months away given the long project timelines for energy and infrastructure delivery.

The Resi Ventures arrangement is not exclusive. Jesudason signals active discussions with other operators and expects the energy and sensor-management slice of Australia’s projected $135 billion data centre and connectivity build-out by 2035 to be a significant opportunity. He also highlights an international pipeline, particularly in Taiwan, South Korea and Japan.