Seequent, The Bentley Subsurface Company, has expanded its subsurface software offerings by acquiring Flow State Solutions, a prominent geothermal simulation software provider. This acquisition enables Seequent to offer a comprehensive solution for the geothermal industry, merging detailed subsurface models from Leapfrog Energy with Flow State Solutions’ simulation environment. The move is set to provide valuable insights to geothermal project developers and operators, helping them optimize asset development and improve well performance.
Bentley Systems, Incorporated (Nasdaq: BSY), a leading infrastructure engineering software company, is proud to announce the acquisition of Flow State Solutions by Seequent, The Bentley Subsurface Company. This strategic move positions Seequent as a prominent provider of comprehensive subsurface software solutions for the geothermal industry.
Flow State Solutions specializes in geothermal reservoir, wellbore, and surface network simulation software. Their software aids project developers and operators in gaining valuable insights into geothermal resources, optimizing asset development, and enhancing well performance. The acquisition strengthens Seequent’s offerings by combining Flow State Solutions’ Volsung portfolio with Seequent’s capabilities, creating a robust end-to-end solution for reservoir analysis.
This merger is set to benefit geothermal industry leaders, who are already leveraging both companies’ solutions to better comprehend their resources. Simon Webbison, Vice President, of Exploration and Resource Management at Ormat Technologies Inc., one of the world’s largest geothermal companies, expressed excitement about the acquisition. He shared, “We already use both companies’ software to better understand our geothermal assets and predict performance, and we are looking forward to working with the joint team to continue driving our success.”
Graham Grant, CEO of Seequent, commented on the acquisition’s significance. He said, “Geothermal has the potential to help solve the world’s biggest energy challenges. With this acquisition, Seequent’s best-in-class subsurface analysis software enables a full understanding of geothermal asset performance.”
Flow State Solutions co-founder Jonathon Clearwater, who has joined Seequent as a Technical Domain Expert in Reservoir Engineering, expressed enthusiasm about the collaboration. He stated, “We are excited to join Seequent’s energy team. By combining Seequent’s expertise and our technical capability in geothermal modeling, we are looking forward to making a significant contribution to the renewable energy transition through improved management of natural resources.”
About Flow State Solutions
Flow State Solutions is an industry leader in geothermal simulation software, providing reservoir, wellbore, and surface network simulation tools for the geothermal sector.
