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Elsaco Electronic Selects Clarke Energy and INNIO Group for Cogeneration Projects Supporting Romania’s Transition to Net-Zero

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Elsaco Electronic projects will replace outdated district energy sources with new high-efficiency combined heat and power (CHP) production, reducing primary fuel consumption by up to 30%.The two projects will deliver a combined total of up to 85 MW of electrical and 80 MW of thermal energy across two cities, supporting Romania’s plans to achieve net zero by 2050.These projects represent a milestone as Clarke Energy’s largest CHP schemes globally and the first time selling INNIO Group’s “Ready for H2” J920 FleXtra Jenbacher engines.

ARAD, Romania and CONSTANȚA, Romania, Aug. 27, 2024 /PRNewswire/ — Clarke Energy, a global leader in efficient distributed power generation solutions, has announced its involvement in two pivotal CHP projects working with Elsaco Electronic and INNIO Group. These initiatives mark a significant advancement in energy efficiency for the district energy networks in Arad and Constanța, Romania. Historically, these networks relied on steam turbines fuelled by heavy fuel oil and natural gas, with core systems dating back to the 1960s-1980s.

 

 

The projects mark a significant milestone for Clarke Energy, representing the first sales of Jenbacher J920 FleXtra engines in both Romania and Clarke Energy’s global operations. Eight J920 FleXtra CHP engines will deliver a total of 85 MW of electrical and 80 MW of thermal energy in the two cities. Five of the engines operating in Constanța will deliver ~53 MWe and 50 MWth energy, with the further three engines delivering ~32 MWe and 30 MWth in Arad.

Constituting two of the largest and innovative projects in Romania’s CHP sector, this technology will be used for the first time in the country. The equipment, supplied by INNIO Group, will operate on natural gas in a flexible configuration, designed to accommodate future use of a mix of green hydrogen and natural gas or biomethane. The engines form the heart of the rehabilitation schemes for the two power plants. Transforming them into high-efficiency engine-based CHP plants will reduce fuel consumption by up to 30% and significantly lower carbon emissions.

The two EU-funded projects, part of the Romanian National Recovery and Resilience Plan, support Romania’s goal of achieving Net Zero by 2050. Scheduled for completion by mid-2026, these projects focus on lowering CO2 emissions, utilising energy-efficient technology, and reducing operating costs.

This initiative is a landmark development for Clarke Energy, demonstrating capabilities to deliver high-efficiency power solutions on a significant scale. These projects not only signify a major leap in technology adoption and environmental stewardship but also align seamlessly with global and local efforts to promote cleaner energy and reduce environmental impact.

Șerban Iftime, CEO, Elsaco Electronic, commented:

“We selected Clarke Energy to supply our CHP schemes with INNIO’s Jenbacher J920 FleXtra engines due to their experience in the Romanian market and robust local aftersales support network. These units form the heart of the refurbished district energy schemes and set a new standard in Romania.”

Gabriel Matei, Managing Director, Clarke Energy Romania, commented:

“Clarke Energy is proud to support Romania’s shift towards more sustainable energy practices. This innovative large-scale district energy scheme refurbishment from our customer Elsaco Electronic, sets a new standard for future projects in the region.”

About Clarke Energy 

Clarke Energy is a leader in the engineering, design, installation, and long-term maintenance of distributed energy solutions. Clarke Energy can delivery complex installations and microgrids incorporating gas engine CHP units, battery energy storage systems, biogas upgrading systems and solar photovoltaic units. Clarke Energy can supply solutions including a range of low carbon or decarbonised fuels including biogas, renewable natural gas (RNG) and hydrogen. Clarke Energy operates in 27 countries. Clarke Energy employs over 1,400 staff and has over 9GW of power generation, 1.4GW of which is from biogas, a renewable fuel.

www.clarke-energy.com
https://www.linkedin.com/company/clarke-energy/

About Elsaco Electronic

ELSACO is a group of Romanian companies mainly present in the domains of energy, water and utilities, its main objective being to increase energy efficiency. The group consists of 8 companies covering areas such as: EPC projects, distribution and sale of measurement and control equipment, energy efficiency solutions, process and business software, IT & C solutions, residential smart metering.

ELSACO Electronic is a leading company in Romania, established in 1994, which is today involved in infrastructure projects for power & water industry mainly, with focus on construction / rehabilitation of power & district heating plants, water and wastewater plants, looking to bring energy efficiency and to save resources in the general balance of systems.

https://en.elsaco.com

About INNIO Group

INNIO Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its Jenbacher and Waukesha product brands and its AI-powered myPlant digital platform, INNIO Group offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO Group is individual in scope, but global in scale. With its flexible, scalable, and resilient energy solutions and services, INNIO Group enables its customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

www.innio.com
https://www.linkedin.com/company/innio-group/

Romanian language version available here:
https://www.clarke-energy.com/ro/2024/elsaco-electronic-selects-clarke-energy-to-support-transition-to-net-zero

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AFP Launches No Code AI for Finance Certificate to Upskill Finance Teams

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New certificate empowers financial professionals with real-world AI skills that don’t require programming expertise

ROCKVILLE, Md., April 29, 2026 /PRNewswire/ — The Association for Financial Professionals (AFP) announced the launch of its No Code AI for Finance Certificate Program. Taught by an AI expert with a background in finance and operations, the virtual on-demand program goes beyond theory, providing practical applications of AI in finance.

Key takeaways

Practical curriculum: The certificate course, developed through feedback from finance practitioners, provides hands-on exercises and lessons on building a data foundation, training and interpreting machine learning models, generating insights with generative AI and embedding ethics in AI adoptionSelf-paced learning: Once registered for the certificate, eight hours of on-demand content across four modules are available in AFP Learn.Professional recognition: The certificate course is eligible for 9.6 CTP, FPAC and CCM Credits and provides a Digital Badge and printable certificate upon successful completion.

Why it matters
The finance function is at a critical turning point. Data volumes are growing while finance professionals are increasingly being asked to do more with less. The No Code AI for Finance Certificate equips teams to scale their impact by automating labor-intensive workflows and speeding up processes while maintaining accuracy.

Comprehensive curriculum
The certificate program includes four modules that are tailored to the specific needs of finance professionals:

Data Foundations for Trustworthy Finance Analytics: Learn about decision cycles AI can shorten, mitigation tactics for AI hallucinations, and the difference between supervised, unsupervised and generative tasks.Understanding the Full Machine Learning Process and Its Results: Learn to frame finance machine learning problems correctly, choose and defend the right success metrics for each task and translate model results into business-ready insights.Generative AI for Finance: Smarter Questions, Faster Insights: Learn to write prompts for GenAI, generate and refine GenAI-supported data-prep code, pressure test insights with GenAI and apply guardrails for GenAI.From AI Capability to Adoption & Ethics by Design: Learn to select and prioritize a first AI pilot, design an operating cadence, draft an ethics and risk control sheet, and define ROI and adoption KPIs.

Each module includes downloadable assets to help learners apply the lessons to their day-to-day work.

Key quote
“At AFP, we recognized a clear need for training that addresses finance-specific applications of AI. This certificate acts as a bridge to connect financial professionals to the transformative power of AI, ensuring they remain the indispensable strategic partners their organizations require,” said Pat Culkin, President & CEO of AFP.

Ready to lead AI adoption in your finance team?
Enroll in the certificate program and begin working toward the No Code AI for Finance Certificate.

FAQs
Who should enroll in this certificate program?
The program is designed for financial professionals at all levels looking to integrate AI into their workflows.

Are there any prerequisites for the course?
There are no prerequisites for this course. It is accessible to professionals of all technical backgrounds. No coding knowledge is required.

How is the course delivered?
The course consists of eight hours of on-demand content across four modules, which can be completed at the learner’s own pace.

How much does it cost to enroll in the certificate program?
The certificate program is $295 for AFP members and $495 for non-members.

About AFP®
Headquartered outside of Washington, D.C., and located regionally in Singapore, the Association for Financial Professionals (AFP) is the professional society committed to advancing the success of treasury and finance members and their organizations. Established and administered by AFP, the Certified Treasury Professional and Certified Corporate FP&A Professional credentials set standards of excellence in treasury and finance. Each year, AFP hosts the largest networking conference worldwide for about 7,000 corporate financial professionals.

Media contact
Joe Hodanich
Senior Director, Digital Strategy & Content
Association for Financial Professionals
Email: jhodanich@financialprofessionals.org

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SOURCE Association for Financial Professionals

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KT Corp. Files 2025 Annual Report on Form 20-F

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SEOUL, South Korea, April 29, 2026 /PRNewswire/ — KT Corporation (NYSE: KT), South Korea’s largest integrated telecom and digital platform service provider, announced that it has filed its Form 20- F Annual Report on April 29th, 2026 for the year ended December 31, 2025 with the Securities and Exchange Commission of the United States. The report can be accessed on KT’s English website at https://corp.kt.com/eng in the Investors section under Business Report as well as the SEC’s Edgar database at www.sec.gov. Shareholders may also request a hard copy of the Form 20-F Annual Report that includes audited financial statements of 2025, free of charge, by sending an e-mail to the Company’s IR department at ktir@kt.com.

About KT Corporation (KRX: 030200; NYSE: KT)

KT Corporation is the leading integrated telecommunications and platform service provider based in South Korea. Principal services include mobile, Broadband, IPTV, B2B communications, and fixed-line telephony. The Company has industry-leading market presence in Broadband, media services, and fixed-line telephony by maintaining the No.1 market share positions. Also, the Company is the No.1 player in B2B communications and offers a wide range of digital transformation services (DC, Cloud, AI, etc.). Additionally, the Company possesses a well-balanced portfolio of diverse subsidiaries focusing on media/content, financial services, real estate developments, and commerce industries.

Forward-Looking Statements

This communication contains “forward-looking statements” that are based on our current expectations, assumptions, estimates and projections about us and the industries in which we operate. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “should,” and similar expressions. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be incorrect. The uncertainties in this regard include, but are not limited to, those identified in the risk factors discussed above. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans and objectives or projected financial results referred to in any of the forward-looking statements. We do not undertake to release the results of any revisions of these forward-looking statements to reflect future events or circumstances.

IR department:
+82-70-4193-4036
ktir@kt.com

View original content:https://www.prnewswire.com/news-releases/kt-corp-files-2025-annual-report-on-form-20-f-302757200.html

SOURCE KT Corp.

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SK TELECOM CO. LTD. FILES ITS ANNUAL REPORT ON FORM 20-F

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SEOUL, South Korea, April 29, 2026 /PRNewswire/ — On April 29, 2026, SK Telecom Co., Ltd. filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The 2025 Annual Report on Form 20-F can be viewed on www.sktelecom.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Printed copies of SK Telecom’s complete audited financial statements (including footnotes) as of and for the year ended December 31, 2025 can be requested, free of charge, by written request to skt.ir@sk.com.

View original content:https://www.prnewswire.com/news-releases/sk-telecom-co-ltd-files-its-annual-report-on-form-20-f-302757201.html

SOURCE SK Telecom Co., Ltd

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