{"id":789537,"date":"2023-10-11T09:15:08","date_gmt":"2023-10-11T13:15:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bentley-systems-announces-seequents-acquisition-of-geothermal-simulation-leader-flow-state-solutions\/"},"modified":"2023-10-11T09:15:08","modified_gmt":"2023-10-11T13:15:08","slug":"bentley-systems-announces-seequents-acquisition-of-geothermal-simulation-leader-flow-state-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bentley-systems-announces-seequents-acquisition-of-geothermal-simulation-leader-flow-state-solutions\/","title":{"rendered":"Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions"},"content":{"rendered":"

<\/p>\n

Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions<\/b><\/p>\n

Combines Seequent\u2019s Geological Modeling with Flow State Solutions\u2019 Geothermal Simulation Software<\/i><\/p>\n

SINGAPORE–(BUSINESS WIRE<\/a>)–
\nBentley Systems, Incorporated (Nasdaq: BSY), theinfrastructure engineering software<\/i>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\u2019s position as the most comprehensive subsurface software provider for the geothermal industry.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20231011787324\/en\/<\/a><\/p>\n

\"An<\/p>\n

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.<\/p>\n<\/div>\n

\nFlow State Solutions\u2019 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\u2019 Volsung <\/i>portfolio with Seequent\u2019s 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\u2019 simulation environment to build a full picture of a geothermal asset.<\/p>\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, \u201cOrmat 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\u2019 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.\u201d<\/p>\n

\nGraham Grant, CEO, Seequent, said, \u201cWe are delighted to welcome the Flow State Solutions team to Seequent. Geothermal has the potential to help solve the world\u2019s biggest energy challenges. With this acquisition, Seequent\u2019s best-in-class subsurface analysis software enables a full understanding of geothermal asset performance.\u201d<\/p>\n

\nFlow State Solutions co-founder Jonathon Clearwater, who joins Seequent as Technical Domain Expert, Reservoir Engineering, said, \u201cWe are excited to join Seequent\u2019s energy team. By combining Seequent\u2019s 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.\u201d<\/p>\n

Image 1<\/b><\/a>:<\/b><\/p>\n

\nAn 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<\/i>.<\/i><\/p>\n

Image 2<\/b><\/a>:<\/b><\/p>\n

\nSimulated density changes in a geothermal reservoir, modeled and visualized in Flow State Solutions software Volsung.Image courtesy of Flow State Solutions.<\/i><\/p>\n

Webinar<\/b><\/a>demonstrating workflow that enables seamless interaction between Seequent and Flow State Solutions software.<\/p>\n

\n##<\/p>\n

About Bentley Systems<\/b><\/p>\n

\nBentley Systems (Nasdaq: BSY) is theinfrastructure engineering software<\/i> company. We provide innovative software to advance the world\u2019s infrastructure \u2013 sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent\u2019s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems\u2019 5,000 colleagues generate annual revenues of more than $1 billion in 194 countries.<\/p>\n

www.bentley.com<\/a><\/p>\n

About Seequent<\/b><\/p>\n

\nSeequent, The Bentley Subsurface Company, helps organisations to understand the underground, giving them the confidence to make better decisions faster. Seequent builds world-leading technology that is at the forefront of Earth sciences, transforming the way our customers work. Every day we help them develop critical mineral resources more sustainably, design and build better infrastructure, source renewable energy, and reduce their impact on the environment.<\/p>\n

\nSeequent operates in 120 countries while proudly maintaining headquarters in New Zealand.<\/p>\n

\nNewsroom: https:\/\/www.seequent.com\/company\/news-media\/<\/a><\/p>\n

\nSeequent on LinkedIn<\/a> and Twitter<\/a>.<\/p>\n

\n\u00a9 2023 Bentley Systems, Incorporated. Bentley, the Bentley logo, Bentley Infrastructure Cloud, Bentley Open, AssetWise, Flow State Solutions, iTwin, Leapfrog, Leapfrog Energy, MicroStation, ProjectWise, Seequent, SYNCHRO, and Volsung are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20231011787324\/en\/<\/a><\/span><\/p>\n

\nPress:
\n
Liz Crawshaw
\n
+64 224610899
\n
Liz.Crawshaw@seequent.com
\n<\/a>
Follow us on Twitter:
\n
@BentleySystems<\/a><\/p>\n

KEYWORDS:<\/b> Asia Pacific Singapore<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Construction & Property Utilities Software Networks Energy Mining\/Minerals Data Management Other Construction & Property Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
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.<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
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Simulated density changes in a geothermal reservoir, modeled and visualized in Flow State Solutions software Volsung. Image courtesy of Flow State Solutions.<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions Combines Seequent\u2019s Geological Modeling with Flow State Solutions\u2019 Geothermal Simulation Software SINGAPORE–(BUSINESS WIRE)– Bentley Systems, Incorporated (Nasdaq: BSY), theinfrastructure engineering softwarecompany, 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\u2019s position as the most comprehensive subsurface software provider for the geothermal industry. This 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. Flow State Solutions\u2019 geothermal reservoir, wellbore, and surface … <\/p>\n

Continue reading “Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bentley-systems-announces-seequents-acquisition-of-geothermal-simulation-leader-flow-state-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bentley Systems Announces Seequent\u2019s Acquisition of Geothermal Simulation Leader Flow State Solutions Combines Seequent\u2019s Geological Modeling with Flow State Solutions\u2019 Geothermal Simulation Software SINGAPORE–(BUSINESS WIRE)– Bentley Systems, Incorporated (Nasdaq: BSY), theinfrastructure engineering softwarecompany, 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\u2019s position as the most comprehensive subsurface software provider for the geothermal industry. This 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. 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