Seequent, The Bentley Subsurface Company, has made a significant move in expanding its geothermal software offerings with the acquisition of Flow State Solutions, a renowned provider of geothermal simulation software. The agreement solidifies Seequent’s position as a comprehensive subsurface software provider for the geothermal industry.
Flow State Solutions’ advanced software enables project developers and operators to gain a better understanding of geothermal resources for asset development, optimization, and enhanced well performance. By combining their Volsung portfolio with Seequent’s capabilities, the companies are creating the most robust end-to-end solution for reservoir analysis in the industry. This integration allows for detailed modeling of the subsurface using Leapfrog Energy, thus providing a comprehensive overview of geothermal assets.
Key players in the geothermal industry have already been utilizing the software solutions offered by both Seequent and Flow State Solutions to gain valuable insights into their resources. Ormat Technologies Inc., one of the largest global geothermal companies, has expressed their excitement regarding the acquisition. Simon Webbison, Vice President of Exploration and Resource Management at Ormat Technologies, stated that they are pleased to witness the combination of Seequent and Flow State Solutions software capabilities. The company already employs both software solutions to better understand their geothermal assets and predict performance, and they look forward to collaborating with the joint team to further drive their success.
Graham Grant, CEO of Seequent, expressed his delight in welcoming the Flow State Solutions team to the company. He emphasized the enormous potential of geothermal energy in addressing the world’s most significant energy challenges. With this acquisition, Seequent’s state-of-the-art subsurface analysis software will enable a comprehensive understanding of geothermal asset performance.
Jonathon Clearwater, co-founder of Flow State Solutions, will be joining Seequent as a Technical Domain Expert in Reservoir Engineering. Clearwater expressed his excitement about being a part of Seequent’s energy team and combining their expertise with Seequent’s technical capabilities in geothermal modeling. Together, they aim to make a significant contribution to the renewable energy transition by enhancing the management of natural resources.
Seequent’s acquisition of Flow State Solutions marks a major step forward in the geothermal industry. By incorporating their simulation software into Seequent’s robust suite of tools, industry professionals will be empowered to gain deeper insights into geothermal resources, optimize asset performance, and contribute to the renewable energy revolution.
As the world continues to seek sustainable alternatives to traditional energy sources, geothermal energy stands out as a promising solution. With Seequent and Flow State Solutions joining forces, the geothermal industry is poised for even greater advancements, solidifying its role in the transition to a greener future.
