COLUMBIA, Md., May 24, 2021 /PRNewswire/ -- GSE Systems, Inc.
(GSE Solutions or GSE) (Nasdaq: GVP) a leader in advanced
engineering and workforce solutions that support, optimize and
decarbonize operations for the power industry, today announced that
their strategic collaboration with ABB Bailey Japan has resulted in
a significant project to provide process simulation for NIHONKAI
LNG Niigata terminal located in Niigata, Japan. With a total capacity of 720,000 m3, the terminal which has
facilities for receiving, storing and supplying LNG (liquefied
natural gas) to the Niigata and Tohoku area, serves as an important
energy source for power generation and city gas.
This is the first project win resulting from the alliance
between GSE and ABB Bailey Japan, established in March of 2020. The
project covers software and services scope which will include
modelling processes using JPro Tools, a simulation software from
GSE, which will then be integrated with ABB's industry-leading
automation system.
Joerg Theis, President and Chief
Executive Officer of ABB Bailey Japan said, "Simulation improves
safety and efficiency in operations. Working with GSE, we can
support our customers on their digital journey, creating a virtual
environment to test and validate operational processes using a
real-time dynamic simulated environment. In a greenfield plant such
as this it can only serve to increase plant efficiency, reduce
capital and operational expenditure, lower risk and increase
operational safety."
The collaboration combines GSE's highly specialized control room
simulators, plant simulators, and operator procedures with ABB's
capability in control systems, computer-based procedures, and
decision support to create high-fidelity training simulator for the
Japanese energy industry. Simulation improves safety and efficiency
in operations, and allows verification and validation of
engineering modifications, for a holistic view of integrated plant
operation. Operators can use GSE's simulation technology to
evaluate control strategies, procedure effectiveness, data
integrity, and control system implementation.
"LNG is a strategic, clean and reliable form of energy for
Japan. We are excited to work with
ABB Bailey Japan on projects like this that leverage the best of
both companies serving the Japanese market," said Kyle Loudermilk, President and CEO of GSE
Solutions. "Together we are using simulation solutions to drive
efficiency for clean, reliable, safe, and inexpensive energy across
Japan."
With more organizations embarking on their digital
transformation journey, this project paths the way to more
opportunities which the two companies have been developing
together.
About GSE Solutions
We are visionaries, and the
solutions we create now will be at the forefront of the power
industry. GSE Solutions leverages five decades of proven industry
experience to provide unique and essential engineering and
workforce solutions, services and products focused on performance
optimization, regulatory compliance, simulation, training, and
staffing for customers worldwide. As one of the largest independent
companies serving the clean energy sector of nuclear power and
adjacent industries, our solutions support the future of clean
energy production and overall decarbonization initiatives of
the power industry. www.gses.com
About ABB Bailey Japan
ABB Bailey Japan is a leader
in plant automation technology. Since its establishment in 1971,
ABB Bailey Japan has been supplying the latest control systems,
including thermal power plants and LNG receiving terminals as a
member of the ABB Group, based on the control technologies of
Bailey Meter Company in US. The experiences that contributing to
the growth and development of the Japanese energy industry since
the dawn of related markets allow us to obtain the 50% of the
domestic market share of thermal power plant boiler control system.
With a deep knowledge and a technology that has led the industry as
a pioneer, ABB Bailey Japan offers a wide range of products,
including high-temperature, high-pressure regulating valves and
other hardware, as well as product-generation compatibility in
control systems, safety system, IEC 61850 response equipment, and
turbine control systems, which enables us to offer with high value
and benefit to customers.
Media Contact
GSE Solutions
Sunny DeMattio
P: +1 410.970.7931
sunny.dematttio@gses.com
Investor Contact
Lytham Partners
Adam Lowensteiner, Vice
President
P: +1 646.829.9702
gvp@lythampartners.com
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SOURCE GSE Systems, Inc.