Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions

Seequent, The Bentley Subsurface Company
Published: 11 October 2023

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The move further solidifies Seequents position as the most comprehensive subsurface software provider for the geothermal industry.

Flow State Solutions geothermal reservoir, wellbore, and surface network simulation software helps project developers and operators better understand geothermal resources for asset development and optimization and improved well performance. Combining Flow State Solutions Volsung portfolio with Seequents capabilities creates the most robust end-to-end solution for reservoir analysis available. Detailed models of the subsurface built in Leapfrog Energy can be utilized in Flow State Solutions simulation environment to build a full picture of a geothermal asset.

Geothermal industry leaders are already utilizing both solutions to better understand their resources. Simon Webbison, Vice President, Exploration and Resource Management, Ormat Technologies Inc., said, Ormat Technologies is one of the largest and most active geothermal companies globally, and we are delighted to see the combination of Seequent and Flow State Solutions software capabilities through this acquisition. 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, Seequent, said, We are delighted to welcome the Flow State Solutions team to Seequent. Geothermal has the potential to help solve the worlds biggest energy challenges. With this acquisition, Seequents best-in-class subsurface analysis software enables a full understanding of geothermal asset performance.

Flow State Solutions co-founder Jonathon Clearwater, who joins Seequent as Technical Domain Expert, Reservoir Engineering, said, We are excited to join Seequents energy team. By combining Seequents 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. 

An example of a geological model built in Leapfrog Energy being utilized for reservoir simulation in Flow State Solutions software Volsung. Image courtesy of Flow State Solutions.

Simulated density changes in a geothermal reservoir, modeled and visualized in Flow State Solutions software Volsung. Image courtesy of Flow State Solutions.

Webinar demonstrating workflow that enables seamless interaction between Seequent and Flow State Solutions software.

Source: www.seequent.com

Categories

Geothermal, Constitutive Modeling / Soil Behavior, Finite Element / Finite Difference, Discrete Element

Keywords

Seequent, Bentley Systems