Bentley Systems, Incorporated (Nasdaq: BSY), the software company specializing in infrastructure engineering, has officially announced a significant development today. Seequent, also known as The Bentley Subsurface Company, has inked an agreement to acquire Flow State Solutions, a distinguished player in geothermal simulation software. This strategic move reinforces Seequent’s position as the premier provider of comprehensive subsurface software tailored for the geothermal industry.
Flow State Solutions’ geothermal reservoir, wellbore, and surface network simulation software plays a pivotal role in empowering project developers and operators to gain a deeper insight into geothermal resources. This, in turn, facilitates more efficient asset development, optimization, and improved well performance. The amalgamation of Flow State Solutions’ renowned Volsung portfolio with Seequent’s extensive capabilities culminates in the most robust end-to-end solution for reservoir analysis available in the market. The detailed subsurface models crafted within Leapfrog Energy can seamlessly integrate into Flow State Solutions’ simulation environment, thereby painting a comprehensive picture of a geothermal asset.
Prominent leaders in the geothermal industry have already harnessed the combined power of these solutions to enhance their grasp of available resources. Simon Webbison, the Vice President of Exploration and Resource Management at Ormat Technologies Inc., a leading global geothermal company, expressed their satisfaction: “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, the CEO of Seequent, shared his enthusiasm about this milestone: “We are delighted to welcome the Flow State Solutions team to Seequent. Geothermal energy holds the potential to address some of the world’s most pressing energy challenges. With this acquisition, Seequent’s state-of-the-art subsurface analysis software provides a comprehensive understanding of geothermal asset performance.”
Jonathon Clearwater, co-founder of Flow State Solutions, who will be joining Seequent as the Technical Domain Expert in Reservoir Engineering, also expressed his excitement: “We are thrilled to become part of Seequent’s energy team. By combining Seequent’s expertise with our technical proficiency in geothermal modeling, we are eager to make a substantial contribution to the renewable energy transition by enhancing the management of natural resources.”