La Caisse (formerly Caisse de dépôt et placement du Québec) announced Monday the acquisition of Edify Energy Pty. Ltd., an Australian provider of renewable energy and battery storage, for C$1 billion ($725 million). The pension fund managed $9 billion in Australian investments, as of December 31, 2024. Recent renewable investments made by the fund include a $200 million stake in renewable energy infrastructure firm Renewa; the acquisition of Quebec-based renewable power firm Innergex; and a minority stake in the U.K.’s First Hydro. Australia has seen a boom in battery energy storage systems.