Brookfield said it has US$100 billion of assets under management across the AI infrastructure value chain. Also in July, Brookfield acquired battery storage developer Aypa Power from Blackstone Energy Transition Partners in a deal valuing the company at US$7 billion, or US$3 billion in equity value. Brookfield is making the investment alongside institutional partners including Brookfield Renewable Partners. Aypa has portfolio battery storage projects across the United States and Canada, both in operation and under construction. —Canada Pension Plan Investment Board is acquiring a majority stake in Tarchon, a subsea energy infrastructure project in Europe, for $1 billion.