I love his expression in the photo of him with his new puzzle toy! His new cage looks huge compared to his old one - I'm sure he'll enjoy using the space.
A lot of people have separate sleep cages in quieter/darker areas of the house, so their birds get a full and restful night's sleep.
In the wild, many species of parrot don't sleep where they spend the day. In the morning, the flock will wake up and fly to their foraging grounds. They'll spend the day there, feeding, playing and napping, then at dusk, they'll fly back to their roosting area. Having a separate sleep cage mimics this routine and helps some parrots feel more secure.
In addition, parrots feel happiest when they are part of their human flock which is why we recommend keeping their daytime cage in the busiest room in the house. However, this room may remain busy and noisy well into the evening after the parrot has gone to bed. It's hard to reconcile a family's schedule with the 12 hours of dark and quiet needed by a parrot: for example, the parrot should go to bed at 7pm, but not everyone has finished eating or someone wants to watch a film that goes on until midnight. As
@hrafn says, having a separate sleep cage in a different room helps the parrot get enough sleep.