SM now gets 31% of its energy from renewables

Geothermal, solar, and financing initiatives expand across SM’s integrated businesses as power demand rises nationwide.

SM Investments is now sourcing almost a third of its electricity from renewable energy, as the conglomerate leans further into cleaner power across its retail, property, and banking operations nationwide.

The group said 31% of its energy use in 2025 came from renewable sources, up from 27% the year before, drawing about 730 million kilowatt-hours of cleaner electricity. 

This level of usage helped avoid more than 370,000 metric tons of carbon emissions, a reduction the conglomerate equates to removing nearly 300,000 passenger vehicles from roads for a year.

Electricity demand across SM’s ecosystem runs across malls, supermarkets, logistics facilities, offices, and financial services, making power costs a constant operational factor. The company said renewable energy is now part of how it manages long-term expenses while keeping large-scale operations stable.

The clean energy surge

The group’s geothermal arm, Philippine Geothermal Production Company, anchors this effort through the Mak-Ban and Tiwi steam fields in Luzon, with six additional geothermal sites under development that could add up to 400 megawatts of capacity. SM Prime has installed more than 200,000 solar panels across 69 properties, while Alfamart and SM’s banking units continue expanding energy efficiency and sustainable financing programs tied to renewable projects.

As electricity demand continues to grow, these investments show how energy sourcing is becoming part of how large companies structure and secure day-to-day operations across the country.