Type | Private |
---|---|
Industry | Construction, Energy & Real Estate |
Founded | 1969 |
Headquarters | Quincy, Massachusetts |
Key people | Jay Cashman (Founder & Chairman of the Board) |
Number of employees | 1000 |
Subsidiaries | Cashman Dredging & Marine Contracting Co. Patriot Renewables Preload International IPC Lydon Sterling Equipment & Kilkea Castle |
Website | jaycashman |
Jay Cashman, Inc. is a privately held multi-disciplinary construction and development company, founded and owned by Jay M. Cashman. It is one of the largest privately held contracting firms in the northeastern United States. [1] The company has moved offices several times within the Boston area and has offices in three states and India. [2] As of 2006 [update] , the company had approximately 1,000 employees. The company was one of the major contractors on Boston's Central Artery/Tunnel Project. In 2004, the company took over financial management of a competing firm, Modern Continental Construction, at the request of Modern Continental's bondholders; the company does not, however, have an ownership stake in Modern Continental. [2] [3]
In 2011, Jay Cashman, Inc. purchased Kilkea Castle, one of the oldest inhabited castles in Ireland, just one hour from Dublin. Following a renovation, the hotel reopened in 2017. [4]
The firm is also involved in the dredging business and other marine construction projects, and owns marine-equipment leasing company, Sterling Equipment. A subsidiary, Patriot Renewables, is the developer of a proposed wind farm in Buzzards Bay, South Coast Wind. [5]
Jay Cashman, the company's founder and chairman of the board is a 1975 graduate of the Boston University School of Management. He received the school's Alumni Award for Distinguished Service in 2004. [6]
Modern Continental was a construction company based in Cambridge, Massachusetts that was involved in the Boston "Big Dig" Central Artery/Tunnel Project. On June 23, 2008, the company filed for Chapter 11 bankruptcy in federal court in Boston.
Marubeni Corporation is a sōgō shōsha headquartered in Nihonbashi, Chuo, Tokyo, Japan. It is one of the largest sogo shosha and has leading market shares in cereal and paper pulp trading as well as a strong electrical and industrial plant business. Marubeni is a member of the Mizuho keiretsu.
The Cape Wind Project was a proposed offshore wind farm on Horseshoe Shoal in Nantucket Sound off of Cape Cod, Massachusetts, United States. It was approved but then lost several key contracts and suffered several licensing and legislative setbacks. The developer, Jim Gordon of Energy Management Inc., eventually terminated the lease rights for the site in late 2017.
A liftboat is a self-propelled, self-elevating vessel used in support of various offshore mineral exploration and production or offshore construction activities. A liftboat has a relatively large open deck to accommodate equipment and supplies, and the capability of raising its hull clear of the water on its own legs so as to provide a stable platform from which maintenance and construction work may be conducted.
The Siemens Energy Sector was one of the four sectors of German industrial conglomerate Siemens. Founded on January 1, 2009, it generated and delivered power from numerous sources including the extraction, conversion and transport of oil and natural gas in addition to renewable and alternative energy sources. As of October 1, 2014, the sector level has been eliminated, including the Siemens Energy Sector.
The Shiloh wind power plant is a wind farm located in the Montezuma Hills of Solano County, California, USA, close to Bird's Landing and Collinsville, 40 miles (64 km) northeast of San Francisco. It has a nameplate capacity of 505 megawatts (MW) of power and was built in four stages between 2005 and 2012. Several additional projects are also located in the Montezuma.
There are a number of wind power projects in the state of Maine, totaling more than 900 megawatts (MW) in capacity. In 2020 they were responsible for 24% of in-state electricity production. In 2019, Maine had more wind capacity than the other five New England states combined, at 923 MW.
Wyoming has one of the highest wind power potentials of any state in the United States. In 2019, Wyoming had wind powered electricity generating capacity of 1,589 MW, which produced 9.85% of its electric generation, with an additional 3,753 MW under construction. However, the wind generation in that year was Wyoming's third-lowest in the 2010s. By 2020, wind capacity increased to 2738 MW and 8448 gigawatt-hours of electricity were produced from wind in 2021, more than double 2019 production. Additional wind capacity and needed transmission lines are under construction or planned, despite political headwinds from Wyoming's strong coal and oil sectors.
Ørsted U.S. Offshore Wind is an offshore wind energy development group that is affiliated with Ørsted, a Danish firm. It is joint headquartered in Boston, Massachusetts and Providence, Rhode Island. As of 2019, it was involved in some of the largest offshore wind farm projects in the United States.
Invenergy is an American based multinational power generation development and operations company. The company develops, builds, owns and operates power generation and energy storage projects in the Americas, Europe and Asia, including wind, solar, and natural gas power generation and energy storage facilities. It is s North America's largest privately held renewable power generation company.
Bluewater Wind is an energy company on the North Atlantic Coast, United States, and in the Great Lakes Region, United States, developing offshore wind energy projects. Bluewater's staff has experience in the wind, energy, environmental, finance, public policy, and marine sectors. Bluewater Wind was part of the Babcock & Brown family of companies. and become part of NRG Energy.
The U.S. state of Massachusetts has vast wind energy resources offshore, as well as significant resources onshore. The 2016 update to the states's Clean Energy and Climate Plan had a goal of reducing 1990 baseline greenhouse gas emissions levels by 25% by 2020. Current goals include installing 3,500 megawatts (MW) of offshore wind power in the state by 2035. However, as of Q4 2021 the state had only 120 MW of wind powered electricity generating capacity, responsible for generating 0.9% of in-state electricity production. The state has awarded contracts to two offshore projects, the 800 MW Vineyard Wind project and 804 MW Mayflower Wind project. Construction began on the Vineyard Wind 1 project on November 18, 2021, after a long fight for approval. Commonwealth Wind was selected for development in 2021.
Atlantic Wind Connection (AWC) was a proposed electrical transmission backbone by Trans-Elect Development Company that could be constructed off the East Coast of the United States to service off-shore wind farms. Google Energy, the investment firm Good Energies, and Japanese trading firm Marubeni announced that they were investing "tens of millions of dollars" in the initial development stage of what could become a $5 billion project. Financing for the project never lined up, reportedly because the low cost of natural gas made large scale offshore wind uncompetitive.
Wind power in New Jersey is in the early stages of development. As of 2022, New Jersey has just six wind turbines, but the state has plans to develop several major offshore wind projects on the continental shelf of the Atlantic Ocean off the southern Jersey Shore. Legislation has been enacted to support the industry through economic incentives and to permit wind turbines on existing piers.
Newcom Group is a Mongolian investment company. Its portfolio includes MobiCom Corporation, the first and the largest mobile telecommunications company in Mongolia, and Eznis Airways, the largest domestic airline in Mongolia. Newcom built the first wind farm in Mongolia, with a capacity of 50 MW.
Ocean Wind is a proposed utility-scale offshore wind farm to be located on the Outer Continental Shelf approximately 15 miles (24 km) off the coast of Atlantic City, New Jersey. It is being developed by Ørsted US Offshore Wind in conjunction with Public Service Enterprise Group (PSE&G). Construction is planned to begin in the early 2020s; expected commissioning is in 2024. The closed Oyster Creek Nuclear Generating Station and B.L. England Generating Station would provide transmission points for energy generated by the wind farm. At 1,100 MW, it will be the largest producer of wind power in New Jersey and largest offshore wind farm in the United States.
Vineyard Wind 1 is an offshore wind farm under construction in U.S. federal waters in the Atlantic Ocean in Bureau of Ocean Energy Management-designated Lease Area OCS-A 0520, about 13 nautical miles -15 miles (24 km) south of Martha’s Vineyard and Nantucket, Massachusetts. The array will include 62 wind turbines with an nameplate capacity of 804 MW, enough power for about 400,000 homes. The Massachusetts Department of Public Utilities approved the project in 2019. Construction began on November 18, 2021.