Launch of HiveAI by X2M

X2M Connect Limited (ASX: X2M) is launching ‘Hive.AI by X2M’, an advanced AI-driven product suite designed to optimize and manage renewable energy operations. Developed in partnership with Sirius Digitech, this end-to-end solution integrates X2M’s proprietary IoT platform with AI/ML applications to deliver real-time insights, enhance efficiency, and improve energy revenue for utility and renewable energy companies. The scalable platform is tailored for multinational energy providers, positioning X2M as a key player in the US$491 billion APAC renewable energy market.

X2M will spearhead the APAC rollout, leveraging its strong market presence, with partners driving adoption in their respective regions. The launch will significantly boost recurring and SaaS revenues, adding application-based income to X2M’s existing device-based revenue stream. This initiative aligns with X2M’s strategy of expanding into data aggregation and AI, further solidified by its recent Dicode contract, reinforcing its leadership in AI-powered energy solutions.

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