Private firms have invested P6.8 billion from 2021 to 2022 to make their operations more energy-efficient, according to the Department of Energy.
The DOE’s Energy Utilization Management Bureau compiles the Annual Energy Efficiency and Conservation Energy Consumption reports submitted by designated establishments, such as commercial, industrial, transport, power, agriculture, public works, and others identified by the DOE as energy-intensive.
According to the DOE, Type 2 DEs, or those that consume more than 4 million kilowatt-hours a year, invested P6.1 billion to be more energy-efficient, while Type 1 DEs, or those that consume 500,000 kWh to 4 million kWh a year, invested P360 million.
The DOE said that 4,782 DEs, with an energy consumption of more than 100,000, invested P306 million in energy efficiency.
Investments in energy efficiency include projects that utilize energy-efficient technologies and practices, such as the installation, upgrading, or retrofitting of devices like smart control systems, heating, ventilation, and air-conditioning upgrades, among others.
The DOE recorded an increase in investments in solar PVs, variable frequency drives, cogeneration systems, smart manufacturing systems, HVAC systems, district cooling systems, pumping systems, and building energy management systems.
It said DEs are required to integrate energy management system policies into their operations based on ISO 50001 or a similar framework to encourage businesses to disclose and reduce their emissions.
