Global energy services solutions provider GSE Systems, Inc. (NYSE
MKT:GVP) is currently working on Phase II of a multi-phase project with
Babcock & Wilcox Power Generation Group (B&W PGG) to supply an
engineering simulator for the first-of-a-kind power plant design,
FutureGen 2.0 project. The FutureGen 2.0 will be a near-zero emissions
coal-fueled power plant using oxy-combustion technology.
FutureGen 2.0, funded by the American Recovery and Reinvestment Act
overseen by the U.S. Department of Energy, will retrofit the
decommissioned Meredosia coal-fueled power plant in Illinois with an
innovative oxy-coal carbon capture technology developed by B&W PGG in
collaboration with Air Liquide. The oxy-coal combustion process uses
nearly pure oxygen and recycled flue gasses instead of air for
combustion. The resulting flue gas is composed of concentrated CO2,
which is purified, compressed and stored in a deep formation. By
capturing and storing approximately 1.1 million tons of the greenhouse
gas CO2 each year, the plant will reduce its CO2
emissions by at least 90 percent.[1]
The first phase engineering simulator models the plant’s boiler and Gas
Quality Control System to validate specifications for equipment sizing
and performance. Additionally, the models will be used to validate the
process controls developed by B&W PGG and Air Liquide. By having the
simulator during plant development, engineers and future operators will
be able to test the performance of the models and controls.
In subsequent phases, the simulator will be used to verify and validate
the new plant systems and controls prior to plant commissioning. An
additional benefit of the project is that the resulting controls will be
optimized prior to commissioning and tuned by plant operation. This will
reduce the commissioning time and cost for the new plant.
GSE has completed many other first-of-a-kind simulation projects for new
plant designs such as the B&W mPower Small Modular Reactor, Westinghouse
AP1000, NuScale Power Small Modular Reactor, Chinese CPR1000, SINOPEC
Integrated Gasification Combined Cycle, and a Korean-built
ultra-supercritical control verification and validation simulator.
For more information on GSE’s engineering simulators, go to www.gses.com/design-simulation-human-factors-engineering.
[1] http://www.futuregenalliance.org/futuregen-2-0-project/
ABOUT GSE SYSTEMS, INC.
GSE Systems, Inc. is a world leader in real-time high-fidelity
simulation, providing a wide range of simulation, training and
engineering solutions to the energy and process industries. Its
comprehensive and modular solutions help customers achieve performance
excellence in design, training and operations. GSE’s products and
services are tailored to meet specific client requirements such as
scope, budget and timeline. The Company has over four decades of
experience, more than 1,100 installations, and hundreds of customers in
over 50 countries spanning the globe. GSE Systems is headquartered in
Sykesville (Baltimore), Maryland, with offices in St. Marys, Georgia;
Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping,
Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China.
Information about GSE Systems is available at www.gses.com.
FORWARD-LOOKING STATEMENTS
We make statements in this press release that are considered
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934. These statements reflect our current expectations
concerning future events and results. We use words such as “expect,”
“intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,”
and similar expressions to identify forward-looking statements, but
their absence does not mean a statement is not forward-looking. These
statements are not guarantees of our future performance and are subject
to risks, uncertainties, and other important factors that could cause
our actual performance or achievements to be materially different from
those we project. For a full discussion of these risks, uncertainties,
and factors, we encourage you to read our documents on file with the
Securities and Exchange Commission, including those set forth in our
periodic reports under the forward-looking statements and risk factors
sections. We do not intend to update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
Copyright Business Wire 2013