I wonder how easy this would make server local UPS systems. A battery with a single buck/boost converter should be enough as a power supply. Just need to add a mains fed charge circuit.
Then every power supply could be its own UPS, and handle charging the battery.
It would need to be a pretty fat wire, but that's handleable.
It's 300W-400W load going to near zero and back within microseconds.
"Typical power consumption: 130 W."
If your goal is just to protect your data from sudden termination, then having a PSU with a built in UPS is quite nice.
The average PC or workstation isn't configured for a clean exit just because the UPS said it's time.
Bridging momentary outages is also useful where that's common, disregarding data loss.