I’m no rocket scientist but surely it’s cheaper to build more panels and batteries on Earth? Launching stuff into orbit is expensive in cash and emissions.
It's cheaper to tear down the microwave receiver and put up solar panels and batteries than it is to send solar panels to space to beam power back to the microwave receiver. You'd have to beam 1000x the power that solar panels receive to justify the cost of sending things to space, but at that point you're lifting 100x more panels to space to get the 10x bonus, and lifing / installing them in space at 10,000x the cost or worse... Plus they have to be magical perfect installations that never fail and work perfectly.
Again cheaper to put that money into more batteries and panels..