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.
Why would you think there is anything wrong with them? They now get to scalp people with outrageous prices for the 20% they are selling. If the AI sloppanies pay, they made big sales. If the slop producers producers are unable to pay, they will sell the reserved stuff for normal or even slightly elevated prices. It’s win-win. Basically an excuse for industry wide price-fixing.