How are the economics of this idea meant to be viable? The proposed business model is to park hundreds of millions to billion dollars of satellites in orbit, plus the costs to maintain and operate them, to meet the goal of selective area illumination and solar power. Ignoring the issue of cloud cover, which still seems to be an impediment. That's going to need to directly compete with terrestrial energy storage technology, e.g. batteries, and... general lighting. Both of which are well established, diversified and reliable market segments with vastly cheaper MWh costs compared to beaming a small amount of light down using a satellite.

This strikes me as another hand-waved scifi/fantasy inspired investment, where everyone is so caught up in proving they can achieve this (spoiler: this is obviously possible) that no one has stopped to ask does that achievement lead to a real benefit outside of VC wealth transference?