Nuclear Operator Optimizes Plant with GSE Solutions' New TSM Enterprise Platform Upgrades

Rhea-AI Summary

GSE Solutions (Nasdaq: GVP) announced the implementation of new TSM Enterprise modules by a major southern utility customer to enhance plant performance and operational efficiency. This extension of services builds on a previous successful deployment of a Data Validation and Reconciliation solution in 2021, aimed at optimizing operations in the customer's nuclear reactor fleet. GSE's TSM Enterprise software, known for generating significant cost savings and improving efficiency, plays a crucial role in supporting the utility's net-zero goals.

Positive

• Utility's decision to extend GSE's TSM Enterprise modules indicates confidence in GSE's technology.
• Previous successful implementation of the Data Validation and Reconciliation solution in 2021 enhances credibility.

Negative

• None.

COLUMBIA, Md., Dec. 19, 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 a major southern utility customer has chosen to implement new TSM Enterprise modules that support plant performance and operations optimization.

The utility, a long-time GSE customer, will use add-on software modules and related services to quickly identify anomalies and streamline corrective actions, using automation to identify potential problems or deficiencies and alert appropriate personnel.

In 2021, GSE Engineering successfully implemented a Data Validation and Reconciliation (DVR) solution and the TSM Enterprise software platform for the utility's large fleet of nuclear reactors. Those solutions allow accurate measurement of important plant parameters such as feedwater flow and core thermal power, helping to reduce uncertainty and validation of plant instrumentation reading as sensors age, helping the customer's plant personnel make better-operating decisions.

 "The customer's decision to extend and license additional software modules underscores the importance of monitoring and operating their plants with increased efficiency and using advanced technology to help meet net-zero objectives," said Kyle Loudermilk, President and Chief Executive Officer of GSE Solutions. "We are extremely pleased to continue to support their operations."

TSM Enterprise software is a leading web-based thermal system monitoring and engineering programs platform used by utilities globally. TSM Enterprise software has been proven to generate significant cost savings with other nuclear facilities and fossil and combined-cycle applications, including carbon capture analysis, boiler optimizations, and fuel-to-power studies.

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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 new developments did GSE Solutions announce on December 19, 2022?

GSE Solutions announced that a major southern utility customer has chosen to implement new TSM Enterprise modules to enhance plant performance and operational efficiency.

How does TSM Enterprise software benefit GSE Solutions' utility customers?

TSM Enterprise software helps utility customers by identifying anomalies, streamlining corrective actions, and optimizing plant operations, thereby supporting their net-zero objectives.

What previous solution did GSE implement for the utility customer in 2021?

In 2021, GSE Solutions successfully implemented a Data Validation and Reconciliation solution alongside the TSM Enterprise software for the customer's nuclear reactor fleet.

What industries utilize GSE Solutions' TSM Enterprise software?

GSE's TSM Enterprise software is used in the nuclear and fossil fuel industries, including applications for carbon capture analysis and boiler optimizations.

What is the stock symbol for GSE Solutions?

The stock symbol for GSE Solutions is GVP.