Composite laminates are widely used in various fields, but their structural properties make them prone to impact damage. Thus, the real-time localization of the impact source in composite laminates is of great importance. The signal energy-based approach for acoustic source localization, as a new technique proposed in recent years, has advantages in that it can be applied in the case of low signal-to-noise ratio and does not need to have a priori knowledge of material properties. In this paper, an acoustic source localization technique for composite laminates based on an improved signal energy-based approach is proposed. The prior knowledge of the orientation of the symmetry axes of the composite laminate is not needed. The proposed approach is verified by numerical simulation and experiment. The results show that proposed approach has good stability and accuracy. The error analysis and suggestions for improving the feasibility of this technique are also given.