Servicing, modifying and upgrading the world’s fleet of existing nuclear plant simulators continues to be a major revenue stream for GSE. This work is driven by the global movement to extend the life of existing nuclear plants, uprating plant power generation levels and making modifications to older simulators
– By Chris Smith –
GSE Systems, Inc.(GSE), a leading global provider of real-time simulation and training solutions to the power, process, manufacturing and Government sectors, announced the recent award of multiple contracts totaling over $8 million for nuclear simulation upgrade work in the U.S. and Europe. In the U.S., GSE will provide its updated simulation environment and modeling software for nine simulators and its electrical system models for seven simulators owned by one of the country’s largest nuclear utilities. GSE’s modeling tools are the standard for this Utility’s fleet of simulators and will be used for future simulator upgrades.
In Europe, the Company will modify five existing simulators that will allow them to run more modern computer operating systems and employ the company’s latest simulation tools. Under a separate award, the Company will deliver its RELAP5-HD model and latest simulation tools for the Kozloduy Simulator in Bulgaria. This brings the number of RELAP5-HD projects to eight and continues the trend of customers improving the realism of their simulators by using GSE’s RELAP5-HD technology for the reactor thermal hydraulic systems.
John V. Moran, GSE’s Chief Executive Officer said, “Servicing, modifying and upgrading the world’s fleet of existing nuclear plant simulators continues to be a major revenue stream for GSE. This work is driven by the global movement to extend the life of existing nuclear plants, uprating plant power generation levels and making modifications to older simulators to allow the latest generation of simulation technology to be deployed. Three of the contracts announced today are from existing GSE customers, two of whom own multiple GSE simulators and look to standardize their simulation technology as much as possible. The remainder of the contracts are with new customers who are looking for industry leading service and simulation solutions. GSE’s electrical system modeling capability has set the standard for the domestic market and our state of the art RELAP5-HD™ solution continues to gain market share both domestically and abroad.”
GSE Systems, Inc. provides training simulators and educational solutions. The Company has over three decades of experience, over 362 installations, and 100 customers in more than 40 countries. Our software, hardware and integrated training solutions leverage proven technologies to deliver real-world business advantages to the energy, process, manufacturing and government sectors worldwide. GSE Systems is headquartered in Sykesville, Maryland located in the western suburbs of Baltimore, Maryland.