COLUMBIA, Md., June 25,
2024 /PRNewswire/ -- GSE Solutions ("GSE
Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced
engineering solutions that supports the future of clean-energy
production and decarbonization initiatives of the power industry,
today announced contracts worth more than $700k for the provision of services related to
Flow Accelerated Corrosion (FAC) and Erosion programs for a large
east-coast utility based in the United
States.
Due to the aging nuclear fleets and the growing demand for
environmentally friendly energy sources, power plants must
regularly carry out License Renewal activities to prepare for
Subsequent License Renewals. These activities prompt various
modifications within the facilities that have an impact on the
programs addressing Flow-Accelerated Corrosion (FAC) and Erosion.
Upgrades to the FAC and Erosion programs become necessary to
address these issues effectively.
The agreement requires GSE to carry out the specified Scope of
Work (SOW) from Fall 2024 to Spring 2030 and will utilize the
Electric Power Research Institute (EPRI) guidance
documents, industry standards and best practices.
The SOW consists of the following tasks:
- FAC Program Subject Matter Expertise Review Scope
- FAC Program Updates
- FAC System Susceptibility Evaluations at two of the customer
locations
- Erosion Susceptibility Evaluation Updates
GSE has been supporting this client since 2017 and is
well-acquainted with the client's FAC procedures, protocols,
locations, and staff members. The team has extensive expertise in
the nuclear industry, with over 100 years of combined experience
globally, helping with FAC, Erosion, and License Renewal for this
specific project. They also have vast experience using supplemental
program software tools that will help provide a faster, more
complete "turnkey" solution.
"The previous assistance provided by GSE to this client, along
with their familiarity with the programs, reflects positively on
the team's expertise in nuclear engineering," stated Damian DeLongchamp, COO of GSE Solutions. "We
are grateful for the continued trust our clients place in us, which
not only strengthens our relationship but also leads to cost
efficiencies due to our in-depth understanding of their
operations."
"For more than fifty years, GSE has built a strong reputation in
the field of nuclear power plant programs and maximizing value to
our customers," stated Ravi Khanna,
President and CEO of GSE Solutions. "Our expertise lies in ensuring
the optimal operation of nuclear plants while adhering to
regulatory requirements and obligations. These are crucial services
that our clients are increasingly seeking, particularly as many are
in the process of or will soon seek License Renewal support."
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.