McDermott

McDermott earned its spot on our list thanks to its innovative approach to engineering, with news including everything from green hydrogen awards to a collaboration with Schneider Electric and io consulting to develop net zero upstream facilities. It aims to demonstrate what can be achieved with current technology, what new technologies are required, and to determine break-even carbon pricing to make net zero facilities viable now and in the future. McDermott announced in July 2020 that it had completed its restructuring process under Chapter 11, and appears keen to find the right opportunities for growth. The company posted a net loss of $1.37 billion in Q1 2020 according to an SEC filing (the latest data publicly available), and recently secured $560 million in new capital. McDermott has certainly seen better times financially, but we see a positive outlook ahead.