Panasonic has said demand for backup batteries is rising quickly, and it is largely driven by the expansion of AI infrastructure that requires stable, continuous power. It has already allocated around 80% of its planned output to existing customers, leaving only a limited share for new buyers attempting to scale systems.
Some entities have too much money to invest in stupid endeavors, money that they took from everyone else and they can lose without worrying too much. It’s a rotten society.