The green revolution: Private firms lead the way with P6.8 billion investment in sustainable energy efficiency

In a bold move towards sustainable business practices, private companies in the Philippines have poured a substantial P6.8 billion investment into energy efficiency measures between 2021 and 2022, according to the Department of Energy (DOE).

These forward-thinking firms, known as designated establishments (DEs), span a range of sectors, including commercial, industrial, transport, power, agriculture, public works, and more, identified by the DOE as significant energy consumers.

The DOE’s Energy Utilization Management Bureau has been diligently collating the Annual Energy Efficiency and Conservation Energy Consumption reports submitted by these DEs. These reports shed light on the commitment of these establishments to optimize energy usage and reduce environmental impact.

Notably, the lion’s share of investments came from Type 2 DEs, which exceed an annual energy consumption of 4 million kilowatt-hours. These progressive entities allocated P6.1 billion toward energy-efficient initiatives.

Meanwhile, Type 1 DEs, consuming between 500,000 kWh and 4 million kWh per year, invested approximately P360 million.

The DOE also highlighted the significant contribution of 4,782 DEs with energy consumption surpassing 100,000 kilowatt-hours. Collectively, they invested around P306 million, reinforcing the growing momentum towards energy efficiency.