Projected entangled-pair states (PEPS) have become a powerful tool for studying quantum many-body systems in the condensed matter and quantum materials context, particularly with advances in variational energy optimization methods. A key challenge within this framework is the computational cost associated with the contraction of the two-dimensional lattice, crucial for calculating state vector norms and expectation values. The conventional approach, using the corner transfer matrix renormalization group (CTMRG), involves combining two tensor network layers, resulting in significant time and memory demands. In this work, we introduce an alternative split-CTMRG algorithm, which maintains separate PEPS layers and leverages modified environment tensors, reducing computational complexity while preserving accuracy. Benchmarks on quantum lattice models demonstrate substantial speedups for variational energy optimization, rendering this method valuable for large-scale PEPS simulations.
