Rolls-Royce SMR has enlisted GSE Solutions to develop a power
station simulator, as it continues to mature the design of its
Small Modular Reactor (SMR) technology and remains on track to
complete Step 2 of the Generic Design Assessment this summer.
COLUMBIA, Md., July 10,
2024 /PRNewswire/ -- GSE Solutions ("GSE Systems,
Inc." or "GSE") (Nasdaq: GVP) is a world leader in advanced
engineering and workforce solutions across the clean-energy and
power industries. This simulator will play a key role in
Rolls-Royce SMR's program to develop, verify and validate the
performance and control systems of its unique 'factory-built'
nuclear power plant. It forms part of a much wider program of
development activities that are focussed on ensuring the
'delivery-certain' nature of the plant.
David Dodd, Rolls-Royce SMR
Engineering Director, said: "Commissioning a simulation and test
platform is another stride towards deploying the first Rolls-Royce
SMR power plant. The work with GSE is part of our 'digital-first'
methodology and our truly modular approach to developing new
nuclear power – a reliable source of clean, affordable energy for
the UK and the rest of the world."
In a recent update, the Office for Nuclear Regulation (ONR)
confirmed that Rolls-Royce SMR is on track to complete Step 2 of
Generic Design Assessment this summer - with the intention of
moving straight into the third and final step. This progress
through the assessment by the nuclear industry's independent
regulators (the ONR, Environment Agency and Natural Resources
Wales) confirms Rolls-Royce SMR's position as being significantly
ahead of any other SMR design in Europe.
Rolls-Royce SMR offers a radically different approach to
delivering new nuclear power based on proven technology. Each of
the factory-built nuclear power stations will provide enough
low-carbon electricity to power a million homes for more than 60
years.
"We are extremely proud to have been chosen by Rolls-Royce SMR
to assist with their innovative, technology-driven engineering
platform," said Ravi Khanna, GSE
Solutions' President and CEO. "Our simulation technology stack and
model development services are utilized by power plants across the
globe to prove design concepts and create training scenarios based
on real-world situations and specific operational configurations.
This agreement underscores GSE's five-decade presence in the sector
and solidifies our position in the future of nuclear energy."
View Rolls Royce-SMR press release.
About Rolls-Royce SMR
The Rolls-Royce SMR is the UK's first domestic nuclear
technology in more than 20 years - providing a British solution to
a global energy dilemma. Each small modular reactor will produce
enough stable, affordable, emission-free energy to power a million
homes for at least 60 years.
Rolls-Royce SMR has received UK Government funding of £210m as
part of Phase 2 of the Low-Cost Nuclear Challenge Project,
administered by UKRI, which has been supplemented by £280m of
private capital. The aim of this Government support is to
accelerate the Rolls-Royce SMR design and pass at least Step 2 of
the GDA (Generic Design Assessment) regulatory process carried out
by the nuclear industry's independent regulators (The Office for
Nuclear Regulation (ONR), Environment Agency and Natural Resources
Wales).
Dan Gould, Rolls-Royce SMR
M +44 (0) 7717 720809
dan.gould@rolls-royce-smr.com
https://www.rolls-royce-smr.com/
youtube.com/channel/UCfheAOfFjwtNo46z15CyxAQ
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
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.