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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE--(BUSINESS WIRE)-- Bentley Systems, Incorporated
About this update from Bentley Systems, Incorporated
[{"type":"text","content":"\nCombines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software\n\n\n SINGAPORE--(BUSINESS WIRE)--\nBentley 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 Seequent’s position as the most comprehensive subsurface software provider for the geothermal industry.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231011787324/en/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.\nFlow 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 Seequent’s 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.\n\n\nGeothermal 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.”\n\n\nGraham Grant, CEO, Seequent, said, “We are delighted to welcome the Flow State Solutions team to Seequent. 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 performanc...