Core Viewpoint - Fluence has officially launched an automated battery storage manufacturing plant in Vietnam's Bắc Ninh Province, with an annual production capacity of 35 GWh, aimed at meeting the growing global demand for battery storage solutions [2][4]. Group 1: Manufacturing and Production Capacity - The new plant's annual capacity can meet the deployment needs of approximately 8.75 GW/4-hour storage systems [3]. - Fluence's Gridstack Pro and Smartstack series products will be produced at this facility, which are the company's latest generation of large-scale storage solutions [4]. - The Gridstack Pro system is designed for utility companies and independent power producers, featuring enhanced safety certifications and optimized design for deployment in capacity-constrained areas [4]. - The Smartstack system is more compact and integrates energy management functions, with a capacity of 7.5 MWh using 314 Ah cells [4]. Group 2: Financial Performance - In the third quarter of FY2025, Fluence reported revenues of $602.5 million, a year-on-year increase of 24.7% [5]. - The company reaffirmed its annual revenue target of $2.6 billion to $2.8 billion but indicated that due to slower-than-expected expansion at its new U.S. plant, revenues are likely to be at the lower end of this range [5]. - Despite delays in expansion affecting some expected revenues, Fluence anticipates that these facilities will reach target capacity by the end of the year, ensuring timely delivery to customers [6]. - As of June 30, 2025, Fluence has deployed 6.3 GW/16.7 GWh of storage systems, with signed pending orders totaling 8.2 GW and a total reserve of planned and under-construction projects amounting to 35.7 GW/114.3 GWh [6]. Group 3: Industry Trends and Expansion - Southeast Asia is increasingly interested in energy storage technology, prompting Fluence to establish a manufacturing facility in Thailand to tap into this emerging market [7]. - Several Chinese energy storage companies are also expanding their manufacturing capacities in Southeast Asia, with notable investments such as CATL's $6 billion integrated battery project in Indonesia [7]. - Other companies like EVE Energy and Guoxuan High-Tech are also making significant strides in establishing production bases in the region, indicating a growing trend of global energy storage manufacturing centers [8][9].

Core Viewpoint - The article discusses the rapid advancements in large-capacity energy storage systems, highlighting the competitive landscape among leading companies in the industry, particularly focusing on the latest innovations and market entries from both domestic and international players [2][13]. Group 1: Industry Developments - The energy storage capacity competition is intensifying, with major companies like CATL, Envision, and Fluence introducing systems with capacities exceeding 6MWh, reflecting a trend towards larger energy storage solutions [2][13]. - The average price of turnkey energy storage systems has decreased by 40% year-on-year, reaching $165 per kWh, marking the highest annual decline since 2017 [13]. - The introduction of modular designs, such as CATL's TENER Stack, allows for better transportability and cost savings, with potential reductions in transportation costs by up to 35% [14]. Group 2: Company Innovations - Nidec launched an 8.47MWh energy storage system at The Smarter E Europe 2025, featuring a modular design that supports various market applications [4][5]. - IPS presented the EXERON X-BESS 8 with a capacity of 8.1MWh, emphasizing its compact design and high power density [6][8]. - Powin introduced the Pod Max 6.26MWh containerized battery system, which boasts a 25% higher energy density compared to its previous models [10][11]. Group 3: Competitive Landscape - Over 30 energy storage companies have launched systems with capacities above 6MWh since 2025, indicating a significant shift in the market towards larger and more efficient systems [13]. - The article lists various companies and their respective energy storage systems, highlighting specifications such as capacity, cell size, and unique features, showcasing the diversity and innovation within the industry [16][17].