report card

Houston O&G services company lays out 2022 wins in new report

Houston-based oil and gas engineering and construction services provider McDermott outlines company's progress toward sustainability with new report. Image via mcdermott-investors.com

People. Planet. Progress. These are the first three words on the homepage for the a new report on sustainability from a Houston company.

Published this month, the 2022 Sustainability Report from McDermott — a global leader in engineering, procurement, and construction solutions for the energy industry — showcases the organization's dedication to developing sustainable solutions and innovative technologies.

"As our customers set ESG targets and work to meet and exceed their stakeholder expectations, they increasingly rely on McDermott for innovative methods and low-carbon solutions leveraging our more than 100 years of complex project experience," says Michael McKelvy, McDermott's president and CEO, in the news release. "With our customers, we are advancing global decarbonization through low-emissions options across our engineering, procurement and construction operations."

In the third annual report of its kind, McDermott highlights key climate and sustainability accomplishments achieved in 2022 in each of the three aforementioned focus areas.

People

  • Joining the Massachusetts Institute of Technology Energy Initiative to further ingrain McDermott with academic institutions collaborating to achieve net-zero targets
  • Launch of the RISE Female Development Program as part of the commitment to diversity and inclusion, and specifically, gender equality, across the organization

Planet

  • Voluntary, inaugural submission of ESG metrics to the Carbon Disclosure Project platform
  • Introduction of a new Carbon Footprint Dashboard that established a baseline against which 2023 KPIs and targets will be assessed to measure project-related emissions
  • 62 percent increase in project water reuse compared to 2020
  • Elimination of the need for plastic water bottles on all maritime fleet vessels with the introduction of onboard filtration systems

Progress

  • Awarding of Borwin6, the largest renewables energy project for McDermott to-date
  • Application of modular solution delivery practiced for over 50 years to construct and deliver Green and Blue hydrogen facilities
  • Scaling up technology for liquefied hydrogen spheres and development of fully integrated renewable and low-carbon hydrogen demonstration and framework in Texas
  • Completion of Phase 1 rollout of a vehicle utilization AI platform that measures emissions and provides fleet management teams with actionable insights

"McDermott is committed to sustainable, positive improvement in the communities where we operate, for our customers, and for our employees and the world," states Rachel Clingman, McDermott's executive vice president, sustainability, and governance in the announcement. "We matured our strategy and focus in 2022. We are aligned and working hand-in-hand with customers and stakeholders on specific plans and goals."

The 74-page report offers additional details on these initiatives, as well as commentary on the task force on climate-related financial disclosures compliance and environmental performance data for the year ended on December 31, 2022.

McDermott outlined its sustainability wins from 2022. Image via mcdermott-investors.com

Trending News

 

A View From HETI

Six companies have joined Greentown Houston, focused on long-duration energy storage systems, 3D solar towers and more. Photo courtesy Greentown Labs.

Greentown Labs announced the six startups to join its Houston community in Q2 of 2025.

The companies are among a group of 13 that joined the climatetech incubator, which is co-located in Houston and Boston, in the same time period. The companies that joined the Houston-based lab specialize in a number of clean energy applications, from long-duration energy storage systems to 3D solar towers.

The new Houston members include:

  • Encore CO2, a Louisiana-based company that converts CO2 into ethanol, acetate, ethylene and other sustainable chemicals through its innovative electrolysis technology
  • Janta Power, a Dallas-based company with proprietary 3D-solar-tower technology that deploys solar power vertically rather than flatly, increasing power and energy generation
  • Licube, an Austin-based company focused on sustainable lithium recovery from underutilized sources using its proprietary and patented electrodialysis technology
  • Newfound Materials, a Houston-based company that has developed a predictive engine for materials R&D
  • Pix Force, a Houston-based company that develops AI algorithms to inspect substations, transmission lines and photovoltaic plants using drones
  • Wattsto Energy, a Houston-based manufacturer of a long-duration-energy-storage system with a unique hybrid design that provides fast, safe, sustainable and cost-effective energy storage at the microgrid and grid levels

Seven other companies will join Greentown Boston's incubator. See the full list here.

Greentown Houston also added five startups to its local lab in Q1. Read more about the companies here.

Trending News