COLUMBIA, Md., April 16,
2024 /PRNewswire/ -- GSE Solutions ("GSE
Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced
engineering and workforce solutions that supports the future of
clean-energy production and decarbonization initiatives of the
power industry, today announced a significant contract has been
secured to deliver nuclear engineering services for a 24-month fuel
cycle operation to a major utility company based in the United States.
The transition from 18- to 24-month fuel cycles reduce plant
outages, enhances fuel reliability and operational margins for
utilities without requiring additional measures like increased
burnup and enrichment levels. This shift improves power generation
facilities' efficiency and stability.
The project involves a tailored approach to achieving 24-month
fuel cycles for a prominent nuclear generating station, where
refueling is a critical step in continued operation and the change
to a 24 month fuel cycle provides major cost savings. This award,
valued at approximately $765K, is
through a GSE partnership with the fuels provider. The contract
agreement includes GSE management of several complex engineering
programs delivered directly to the nuclear power plant.
This continues to showcase GSE Solutions' expertise and
leadership in the nuclear industry. The contract highlights the
trust and confidence placed in GSE Solutions to deliver top-notch
services for critical operations. With this project, GSE Solutions
continues to demonstrate its commitment to excellence and
innovation in the field of nuclear engineering.
GSE Engineering, Programs & Performance (formerly True North
Consulting) has been a trusted name in nuclear power plant programs
for over two decades, which makes supporting the 24-month fuel
cycle operation project an excellent fit. The GSE solutions
involved in this recent award include:
- Inservice Inspection (ISI) Program
- Boric Acid (BACC) Program
- Inservice Testing (IST) Program
- Appendix J Program
- Environmental EQ Program
- Flow Accelerated Corrosion (FAC) Program
- Aging Management Programs (AMPs)
"By supporting customers in achieving improved production
durations, we can uphold nuclear energy as a competitive option for
clean energy production. This commitment ensures that nuclear power
remains a cost-effective and eco-friendly solution," said
Damian DeLongchamp, Vice President
of GSE Engineering, Programs & Performance Group. "GSE
leverages our extensive Engineering Programs expertise to offer
innovative solutions that enhance the efficiency of customers'
current power generation assets. Our commitment to optimizing fuel
operations reflects our dedication to driving progress in the
industry."
ABOUT GSE SOLUTIONS
Proven by more than 50 years of experience in the nuclear power
industry, GSE knows what it takes to help customers deliver
carbon-free electricity safely and reliably. Today, GSE Solutions
leverages top talent, expertise, and technology to help energy
facilities achieve next-level power plant performance. GSE's
advanced Engineering and Workforce Solutions divisions offer highly
specialized training, engineering design, program compliance,
simulation, and technical staffing that reduce risk and optimize
plant operations. With more than 1,100 installations and hundreds
of customers in over 50 countries, GSE delivers operational
excellence. www.gses.com
Media Contact
Sunny
DeMattio
GSE Solutions
Director of Marketing & Communications
sunny.demattio@gses.com
Direct: +1 410.970.7931
Investor Contact
Adam
Lowensteiner
Vice President
Lytham Partners
gvp@lythampartners.com
Direct: +1 646.829.9702
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SOURCE GSE Systems, Inc.