GSE Solutions to Develop First-of-its-kind Hydrogen Plant Model for NuScale Power

Rhea-AI Summary

GSE Solutions (GVP) announced its collaboration with NuScale Power to develop a Hydrogen Plant Model for the VOYGR^TM small modular reactor simulator. Utilizing GSE's JPro^TM Dynamic Simulation Software, GSE will provide integration and testing support for hydrogen production. This partnership aims to assess the technical and economic feasibility of connecting a hydrogen facility to the SMR. GSE's decade-long relationship with NuScale has previously resulted in successful projects in clean energy technology.

Positive

• New collaboration with NuScale Power to develop a Hydrogen Plant Model, potentially enhancing GSE's market position.
• Utilization of advanced simulation technology could lead to improved operational efficiencies and innovation in clean energy solutions.

Negative

• None.

COLUMBIA, Md., Dec. 6, 2022 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE" or the "Company") (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, announced today that it will build a Hydrogen Plant Model for NuScale Power's VOYGR^TM small modular reactor (SMR) plant simulator. GSE will provide the models, integration, and testing support to NuScale using its JPro^TM Dynamic Simulation Software.

GSE strives to create the most accurate, highest-level of advanced modeling technologies on the market, providing unparalleled accuracy and detail, enabling simulators to be used to test engineering changes, control system design and strategies, and even perform human factors engineering prior to plant commissioning.

GSE is one of just a handful of companies tapped to support NuScale in developing and assessing an economically optimized Integrated Energy System (IES) for hydrogen production using electricity and process heat from the VOYGR^TM SMR. The existing NuScale control room simulator will be modified to evaluate the dynamics of the IES and will include GSE's models for hydrogen production. The project will determine the technical and economic feasibility of connecting a hydrogen production facility to a NuScale SMR and evaluate operating parameters.

GSE appreciates their long-standing, 10+ year relationship with NuScale that has resulted in the delivery of their four Energy Exploration Centers, which employ GSE Solutions' state-of-the-art simulation technology. The companies also worked together to demonstrate NuScale's new control room operating and staffing philosophy to regulators and customers using a GSE simulator. The Solid Oxide Electrolysis Cell project will again showcase new concepts for use in small modular reactor power plants.

"We are proud to support NuScale in conducting this innovative research," said Kyle Loudermilk, President and Chief Executive Officer of GSE Solutions. "Our modeling of SMR technology and nuclear power systems help facilitate hydrogen production and demonstrates the potential to balance and stabilize power grids that will be driven by renewable energy sources in the future."

Read NuScale project release: NuScale Power Signs Research Collaboration Agreement for Clean Hydrogen Production

ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. GSE Solutions leverages top talent and technology to provide advanced engineering and flexible workforce solutions that support the future of clean energy. Our specialized solution teams include design and analysis, systems and simulation, programs and performance, technical staffing, and training help the power industry reduce risk, extend plant operational lifetime, and optimize performance. GSE is a proven, with over five decades of experience, more than 1,100 installations, and customers in over 50 countries spanning the globe. www.gses.com

Media Contact
Sunny DeMattio, GSE Solutions
sunny.dematttio@gses.com
P: +1 410.970.7931

Investor Relations Contact
Adam Lowensteiner, Lytham Partners
gvp@lythampartners.com
P: + 1 646.829.9702

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SOURCE GSE Systems, Inc.

FAQ

What is GSE Solutions' latest project with NuScale Power?

GSE Solutions is developing a Hydrogen Plant Model for NuScale Power's VOYGR^TM small modular reactor simulator.

How will GSE Solutions' project with NuScale affect their stock GVP?

The collaboration could enhance GSE's market position and lead to growth opportunities, potentially positively impacting the stock GVP.

What is the significance of the Hydrogen Plant Model for GSE Solutions?

The Hydrogen Plant Model represents a key innovation aimed at assessing the feasibility of hydrogen production in conjunction with small modular reactors.

When was the GSE Solutions announcement made?

The announcement was made on December 6, 2022.