COLUMBIA, Md., Sept. 14, 2021 /PRNewswire/ -- GSE Systems, Inc.
("GSE Solutions" or "GSE" or the "Company") (Nasdaq: GVP), a leader
in advanced engineering and workforce solutions that support the
future of clean energy production and overall decarbonization
initiatives of the power industry, has been awarded a contract from
a large US nuclear 3-unit power plant operator to deliver a
web-based Thermal System Monitoring (TSM) Program using GSE's
proprietary technology and Data Validation and Reconciliation (DVR)
modeling expertise.
The contract is another major win combining GSE TrueNorth's
Thermal System Monitoring technology, TSM Enterprise, with DVR
capabilities pioneered by partner Belsim. Innovative solutions like
TSM Enterprise and DVR are in great demand as the nuclear industry
looks to improve the performance of aging nuclear reactor plants
while reducing non-fuel costs. The software solution will provide
the operator with the ability to monitor and report thermal
performance, identify degraded components, and troubleshoot thermal
performance problems. By modernizing the customer's systems with
advanced web-based engineering software, GSE's solution will allow
for continuous equipment monitoring which informs condition-based
maintenance, rather than scheduled maintenance, resulting in
significant cost savings as well as real-time analysis of
anomalies.
TSM Enterprise technology platform is the cornerstone of GSE
Solutions' efforts to deliver software solutions for thermal
performance monitoring as well as additional capabilities through
expanded Engineering Programs and Dynamic Simulation Modeling. This
operating company customer is also participating in GSE's Early
Adapter Program (EAP) to test drive and provide user feedback on
GSE's new software modules that extend the capabilities of its TSM
Enterprise suite. "The EAP provides a platform for key customers to
give feedback and shape the new software solutions to provide
exceptional value and solve key challenges faced by power plants,"
said Dr. Bahram Meyssami, Chief
Technology Officer of GSE Solutions.
"This contract is a great extension of GSE's strong track record
of providing innovative technology and expertise that enable our
customers to monitor and operate their plants safely and
efficiently," said Kyle Loudermilk,
President and Chief Executive Officer of GSE Solutions. "The
company has celebrated other TSM Enterprise software successes that
continuously monitor multi-unit performance and support operational
decisions to optimize power generation, all of which are
extraordinary game changers for our customers and the industry. We
are delighted to share this good news regarding TSM's expanded
adoption by the industry and the associated software and service
wins for GSE."
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
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SOURCE GSE Systems, Inc.