Power Machines

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).

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

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

• Power generation equipment
• Steam turbines
• Gas turbines
• Hydroelectric generators
• Industrial electrical equipment

Headquarters

HQ city

Saint Petersburg

HQ country

Russia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Power Generation Equipment Manufacturing: Manufacturing and supply of complete power generation equipment including turbines, generators, boilers for thermal, nuclear and hydroelectric power plants
2. Service and Maintenance: Service division providing maintenance, repairs, engineering services for existing equipment at TPP, NPP and HPP
3. Spare Parts and Modernization: Sale of spare parts and small modernization services for existing power equipment
4. Engineering Services: Comprehensive engineering services including design, model testing for hydroenergy projects

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core 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

Named customers9 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Ministry of Industry and Trade of the Russian Federation (Министерство промышленности и торговли РФ)coreStrategic or Co-development Partner · 1 January 2018Government 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)coreStrategic or Co-development PartnerKey scientific partner contributing to gas turbine construction with major input to design development
• Central Institute of Aviation Motors (ЦИАМ)coreTechnology or IntegrationMajor 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)coreStrategic or Co-development PartnerSignificant contribution to gas turbine construction design development
• Aviadvigatel (АО «Элара»)coreTechnology or IntegrationDeveloped 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)coreStrategic or Co-development PartnerJoint development of gas collector and combustion chamber head samples for ГТЭ-65.1 using additive manufacturing
• JSC CAT (АО «ЦАТ»)coreTechnology or IntegrationPilot samples of burner devices for ГТЭ-65.1 manufactured by ЦАТ (Voronezh) and ЦАТ ОДК (Moscow)
• Severstal (ПАО «Северсталь»)coreStrategic or Co-development PartnerJoined 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»)minorStrategic or Co-development PartnerJoint development of action plans to reduce wastewater discharge and pollutants for КТЛ, ЛМЗ and Electrosila factories
• State Russian Museum (Государственный Русский музей)minorGTM or Marketing PartnerCultural partnership supporting cultural projects; joint exhibitions including sculptor Paolo Trubetskoy, photo exhibitions, children's educational projects
• BELAZ (БЕЛАЗ)coreStrategic or Co-development PartnerDeveloping cooperation in traction drives for mining dump trucks and electric equipment for mining equipment; major supplier of equipment for BELAZ mining trucks
• Aviation Industry EnterprisescoreTechnology or IntegrationExperimental 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

Direct 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

• YouTuberutube.ru/channel/25273207
• Xx.com/power_machines
• LinkedInlinkedin.com/company/power-machines-jsc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Power Machines