Power Machines
Power Machines is Russia's largest power generation and electrical equipment manufacturer, producing turbines, generators, and boilers for thermal, nuclear, and hydroelectric plants, plus industrial, naval, and mining customers across 57 countries.
- Company typePrivate
- Founded1858
- HeadquartersSaint Petersburg, Russia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Power Machines does
Power Machines is Russia's largest manufacturer of power generation and electrical equipment for thermal, nuclear, and hydroelectric power plants, industrial enterprises, and naval/military applications. The company's portfolio spans the full power island: steam turbines (including the world's only 1,200 MW high-speed turbine set for nuclear plants and Russia's first 1,255 MW low-speed nuclear turbine), gas turbines (GTE-170 at 170 MW in serial production and GTE-65 at 65 MW in development), hydroturbines and hydrogenerators (covering 70%+ of Russian hydroelectric stations), turbogenerators, and boiler island equipment. It also produces traction drives for mining dump trucks (BELAZ), electric motors, shipbuilding electrical systems for nuclear icebreakers, and an in-house predictive diagnostics platform installed on all GTE-170 units since 2023.
The company operates four core subsidiaries — Leningrad Metallurgical Plant (LMZ), Elektrosila, Krasny Kotelshchik, and SKB Gidroturbomash — and is wholly owned within the Severstal Group conglomerate. Its 170-year heritage underpins a complete in-house production chain, including Russia's first serial casting complex for hot-path gas turbine blades (over 6 billion rubles invested) and a reconstructed gas turbine design bureau supported by more than 40 scientific partners. Manufacturing is concentrated in Saint Petersburg and the Moscow region, with equipment operating in 57 countries and a stated presence in 70% of Russian power stations.
Revenue is generated through capital equipment sales (turbines, generators, boilers) under B2B quote-based contracts with long sales cycles, complemented by recurring service revenue from maintenance, modernization, and spare parts across installed TPP, NPP, and HPP bases. GTM is enterprise field sales targeting state-owned utilities (Rosenergoatom/RusHydro-related counterparties), large industrial customers, and government/military buyers; an OPK defense-industry registry inclusion reinforces the strategic, state-anchored demand profile. The company is currently extending into hydrogen technologies (electrolysis, storage, methane-hydrogen combustion) and next-generation gas turbines (GTE-190, GTE-300).
Power Machines firmographics
Firmographics- Name
- Power Machines
- Legal name
- АО «Силовые машины»
- Website
- https://power-m.ru
- Company type
- Private
- Founded year
- 1858
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Power Machines is Russia's largest power generation and electrical equipment manufacturer, producing turbines, generators, and boilers for thermal, nuclear, and hydroelectric plants, plus industrial, naval, and mining customers across 57 countries.
- Ownership category
- akta.pro rank
Power Machines industry classification
Industry- Product category
- Power Generation Equipment
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Power Boiler and Heat Exchanger Manufacturing (33241)
- SIC
- Engines & Turbines (3510), Motors & Generators (3621), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Steam Turbines & Turbogenerators (IMAHAFAB)
- akta.pro secondary industries
- Gas Turbines (Industrial & Utility-Scale) (IMAHAFAA), Turbines, Generators & Hydromechanical Equipment Manufacturing (OEMs) (EUACAEAH), Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG)
Keywords
Where Power Machines is headquartered
LocationHeadquarters
- HQ city
- Saint Petersburg
- HQ country
- Russia
- HQ region
- Europe
Offices5 records
Markets served
Power Machines business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Power Generation Equipment Manufacturing: Manufacturing and supply of complete power generation equipment including turbines, generators, boilers for thermal, nuclear and hydroelectric power plants
- Service and Maintenance: Service division providing maintenance, repairs, engineering services for existing equipment at TPP, NPP and HPP
- Spare Parts and Modernization: Sale of spare parts and small modernization services for existing power equipment
- Engineering Services: Comprehensive engineering services including design, model testing for hydroenergy projects
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Power Machines product offering
Product offeringCore offering
Power Machines manufactures complete power generation equipment for thermal, nuclear, and hydroelectric power plants, including steam turbines, gas turbines (ГТЭ-65 and ГТЭ-170), hydraulic turbines, turbogenerators, hydrogenerators, boiler equipment, and excitation systems. The company also produces industrial electric motors, traction drives for mining trucks, and electrical equipment for shipbuilding including nuclear icebreaker propulsion systems. It operates a dedicated service division for installed equipment and offers a predictive diagnostics system for condition-based maintenance.
Product overview
Power Machines (AO «Силовые машины») is Russia's largest energy and electrical equipment manufacturer for power plants and industry, operating since 1854. The company operates a multi-product portfolio organized around several core business lines: (1) Gas Turbines — domestic GTE-170 (170 MW, E-class, in serial production), GTE-65 (65 MW, F-class), and planned GTE-190 and GTE-300 next-generation units; (2) Nuclear Power — the world's only 1,200 MW high-speed steam turbine sets and the first Russian 1,255 MW low-speed turbine; (3) Thermal Power — steam turbines, turbogenerators, boiler equipment, and excitation systems where half of all Russian thermal power stations are equipped with Power Machines products; (4) Hydropower — hydraulic turbines and hydrogenerators covering over 70% of Russian hydroelectric stations; (5) Industry & Transport — electric motors, traction drives for BELAZ mining trucks, shipbuilding electrical equipment for nuclear icebreakers; (6) Predictive Diagnostics — in-house condition monitoring and predictive analytics system for all manufactured equipment; (7) Hydrogen Technologies — developing electrolysis, storage, and methane-hydrogen combustion for next-generation gas turbines; and (8) Service — full lifecycle support for power plant equipment. The company maintains complete in-house production chains including Russia's first serial hot-section blade casting facility.
Differentiator
Problem solved
Functional benefit
Products and services
- ГТЭ-170 Gas Turbine Domestic Russian gas turbine rated at 170 MW, E-class. Features design resource of 100,000 hours and inter-repair interval of 33,000 hours, with localization approaching 100%. For thermal power plant operators requiring domestic gas turbine technology.
- ГТЭ-65 Gas Turbine Domestic Russian gas turbine rated at 65 MW, F-class. In development and testing phase with model compressor testing underway. Targets distributed generation and smaller thermal power plant applications.
- Low-Speed Steam Turbine for Nuclear Power Plants First Russian low-speed turbine with capacity of 1,255 MW for nuclear power plants. Supports future scale-up to 1,600-1,800 MW unit capacity. For nuclear power plant operators.
- High-Speed Steam Turbine Sets for Nuclear Power Plants (1,200 MW) High-speed steam turbine set with 1,200 MW generator, the only such technology worldwide at this power level. Powers Russia's most powerful generation 3+ nuclear unit at Novovoronezh NPP-2 and Leningrad NPP-2, offering a more compact and economical solution than foreign alternatives.
- Steam Turbines for Thermal Power Plants Steam turbines for thermal power plants, including units for combined cycle (PGU/CCGT) configurations. Half of all Russian thermal power stations are equipped with Power Machines steam turbines.
- Turbogenerators for Nuclear, Thermal, and Hydro Power Plants AC generators for nuclear, thermal, and hydro power plants. Includes 306 MW turbogenerator with full air cooling developed for thermal power applications.
- Hydraulic Turbines and Hydrogenerators Hydraulic turbines and generators for hydroelectric plants. Power Machines has supplied equipment to more than 70% of Russia's hydroelectric stations. Includes 640 MW units for Sayano-Shushenskaya HPP with 96.6% maximum turbine efficiency and 40-year service life.
- Boiler Equipment Boiler island equipment for thermal power plants, produced by the Krasny Kotelshchik (Red Boiler-maker) plant.
- Electric Motors Electric motors for industrial applications including mining equipment, featuring modern component base for high reliability.
- Traction Electric Drive Traction drive systems for heavy transport, including drives for BELAZ (БЕЛАЗ) mining dump trucks and electric drive systems for mining excavators.
- Shipbuilding Electrical Equipment Complete range of electrical equipment for shipbuilding, including propulsion systems for nuclear icebreakers. The first nuclear icebreaker Lenin was equipped with Power Machines propulsion motors; the Arktika-class series also equipped with the company's products.
- Excitation Systems and Starting Devices Excitation systems and starting devices for turbogenerators and hydrogenerators across nuclear, thermal, and hydro power plants.
- Service for TPP, NPP, and HPP Equipment Comprehensive service for operating thermal, nuclear, and hydroelectric power plant equipment including steam/hydraulic turbines, turbogenerators/hydrogenerators, and excitation systems. Includes engineering services and small-scale modernization.
- Hydrogen Technologies Center New business direction developing technologies for hydrogen storage, transport, production, and consumption including electrolysis, hydrogen storage systems, steam reforming, and pyrolysis. Also developing methane-hydrogen combustion chambers for gas turbines. Goal: full-cycle supplier of hydrogen production and consumption technical solutions.
Quantifiable outcome
- 70% of Russian power stations equipped with company equipment
- +2 more outcomes
Companies that use Power Machines
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles2 records
Power Machines technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature7 records
Power Machines partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Ministry of Industry and Trade of the Russian Federation (Министерство промышленности и торговли РФ)coreGovernment partner supporting domestic gas turbine development program (ГТЭ-65, ГТЭ-170) as part of Russia's energy and technological independence initiative
- Central Boiler and Turbine Institute (ЦКТИ)coreKey scientific partner contributing to gas turbine construction with major input to design development
- Central Institute of Aviation Motors (ЦИАМ)coreMajor contributor to gas turbine design; model compressor testing for ГТЭ-65.1 conducted by ЦИАМ partners
- OKB named after A. Lyulka (ОКБ им. А.Люльки)coreSignificant contribution to gas turbine construction design development
- Aviadvigatel (АО «Элара»)coreDeveloped automated control system hardware platform for ГТЭ-170 based on proprietary software-hardware complex; basis for control and controller systems
- Saint Petersburg State Marine Technical University (СПбГМТУ)coreJoint development of gas collector and combustion chamber head samples for ГТЭ-65.1 using additive manufacturing
- JSC CAT (АО «ЦАТ»)corePilot samples of burner devices for ГТЭ-65.1 manufactured by ЦАТ (Voronezh) and ЦАТ ОДК (Moscow)
- Severstal (ПАО «Северсталь»)coreJoined Climate Memorandum 'Together to Low-Carbon Future' developed by Severstal on December 20, 2023; partnership in environmental initiatives
- GUP Vodokanal of St. Petersburg (ГУП «Водоканал Санкт-Петербурга»)minorJoint development of action plans to reduce wastewater discharge and pollutants for КТЛ, ЛМЗ and Electrosila factories
- State Russian Museum (Государственный Русский музей)minorCultural partnership supporting cultural projects; joint exhibitions including sculptor Paolo Trubetskoy, photo exhibitions, children's educational projects
- BELAZ (БЕЛАЗ)coreDeveloping cooperation in traction drives for mining dump trucks and electric equipment for mining equipment; major supplier of equipment for BELAZ mining trucks
- Aviation Industry EnterprisescoreExperimental batches of working and guide blades for ГТЭ-170 manufactured at aviation industry facilities using company technology; enabled production chain before own casting complex
Scale indicators15 records
Recent moves6 records
Expansion highlights5 records
Power Machines competitors and assessment
Company assessmentDirect peers
- Voith Hydro: German manufacturer of hydro turbines, generators, and automation systems. Direct competitor in hydro equipment and a benchmark for global hydropower EPC and service.
- Harbin Electric: Chinese state-owned manufacturer of thermal, hydro, and nuclear power generation equipment. Most direct emerging-market peer and competitor in hydro and thermal turbine segments.
- Dongfang Electric: Chinese manufacturer of thermal, hydro, nuclear, and wind power generation equipment. Comparable in full-scope power generation equipment manufacturing and large utility customer base.
- MAN Energy Solutions: Supplies large-bore gas and dual-fuel engines plus turbomachinery for power and marine propulsion. Comparable in industrial-scale gas turbine/marine propulsion segments.
- Ansaldo Energia: Italian OEM of steam and gas turbines, generators, and service for thermal and nuclear plants. Closely comparable in nuclear steam turbine scope and Mediterranean/European utility customer base.
- Siemens Energy: Global OEM of gas, steam, and hydro turbines plus grid technology and service. Most direct peer across Power Machines' full portfolio of thermal, nuclear steam, and hydro turbine offerings.
- Mitsubishi Heavy Industries: Manufactures large steam turbines for thermal and nuclear power, gas turbines, and compressors. Comparable in nuclear steam turbine scope and high-MW utility-class equipment.
- GE Vernova: Spun-off GE Power division covering gas, steam, hydro, and nuclear turbine islands plus grid and wind. Closest Western peer in product breadth and utility customer base.
- Andritz: Austrian supplier of hydro turbines, generators, and turbogenerators with global service network. Direct peer in the hydropower equipment business where Power Machines holds 70%+ of Russian installed base.
Emerging players
- Bharat Heavy Electricals (BHEL): Indian state-owned OEM of steam turbines, gas turbines, boilers, and generators. Comparable in domestic-market power generation equipment focus, though smaller in scale and largely India-centric.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Power Machines social profiles
Digital presencePower Machines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Power Machines leadership team
Management profileNumber of profiles
Profiles2 records
Power Machines subsidiaries and ownership
Company hierarchySubsidiaries4 records
Power Machines funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Power Machines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Power Machines
What does Power Machines do?
Power Machines manufactures complete power generation equipment for thermal, nuclear, and hydroelectric power plants, including steam turbines, gas turbines (ГТЭ-65 and ГТЭ-170), hydraulic turbines, turbogenerators, hydrogenerators, boiler equipment, and excitation systems. The company also produces industrial electric motors, traction drives for mining trucks, and electrical equipment for shipbuilding including nuclear icebreaker propulsion systems. It operates a dedicated service division for installed equipment and offers a predictive diagnostics system for condition-based maintenance.
Is Power Machines a public or private company?
Power Machines is a private company. It is classified as corporate owned and is currently operating.
When was Power Machines founded?
Power Machines was founded in 1858. It employs 5,001 to 10,000 people.
Where is Power Machines based?
Power Machines is headquartered in Saint Petersburg, Russia, in the Europe region.
How does Power Machines make money?
Four revenue lines are on record. Power Generation Equipment Manufacturing is the primary driver. The others are service and Maintenance, spare Parts and Modernization and engineering Services.
Who are Power Machines's main competitors?
Direct peers on record are Voith Hydro, Harbin Electric, Dongfang Electric, MAN Energy Solutions, Ansaldo Energia, Siemens Energy, Mitsubishi Heavy Industries, GE Vernova and Andritz. Bharat Heavy Electricals (BHEL) is listed as an emerging player.
Does Power Machines have an API?
No public API is recorded for Power Machines.
What industry is Power Machines in?
Power Machines's product category is Power Generation Equipment. Its primary akta.pro industry code is IMAHAFAB, Steam Turbines & Turbogenerators, with a secondary code of IMAHAFAA, Gas Turbines (Industrial & Utility-Scale). Its NAICS code is 333611 and its SIC code is 3510.