Bentley buys NZ start-up

Staff reporter

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A geological model built in Leapfrog Energy being used for reservoir simulation in Flow State Solutions’ Volsung software

New York-listed Bentley Systems says its acquisition of a New Zealand-based geothermal simulation software start-up cements its position as the “most comprehensive subsurface software provider for the geothermal industry”.

Bentley signed a deal to buy five-year-old Flow State Solutions through its flagship geothermal and resource subsurface software unit, Seequent, also NZ-based.

It said the combination of Flow State’s Volsung product and Seequent’s Leapfrog Energy modelling software “creates the most robust end-to-end solution for reservoir analysis available”.

Flow State co-founder Jonathon Clearwater is joining Seequent as technical domain expert, reservoir engineering.

“By combining Seequent’s expertise and our technical capability in geothermal modelling, we are looking forward to making a significant contribution to the renewable energy transition through improved management of natural resources,” Clearwater said.

Bentley bought Seequent for more than US$1 billion in 2021.


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