DEPLOYDatabase

Company

Power Machines

OJSC Power Machines (Siloviye Mashiny) is a Russian energy-systems machine-building company headquartered in Saint Petersburg, founded in 2000.

Founded
2000
HQ
Saint Petersburg, Russia
Status
active

The verified answer

As of Aug 2026, DEPLOY verifies Power Machines: $319.0M raised, 1 active incident. 1 source back the record.

Overview

OJSC Power Machines (Siloviye Mashiny) is a Russian energy-systems machine-building company headquartered in Saint Petersburg, founded in 2000. It manufactures steam and gas turbines, turbogenerators, and other power-plant equipment for nuclear and thermal stations, supplying over 57 countries. The company was sanctioned by the U.S.

Treasury (OFAC) in 2018 for its role in transferring Siemens gas turbines to Crimea in violation of Ukraine-related sanctions, and has since pivoted to domestically produced high-power gas turbines to replace imported equipment cut off by sanctions.

Verified record

Verified deployments
None on file
Active incidents
1 incident on file

Key facts

HQ

St. Petersburg, Russia

Focus

Power engineering

Products

Turbines, generators, and transformers

Applications

Thermal and nuclear power

CEO

Alexey Podkolzin (General Director, appointed 2024)

Revenue

~$1.18 billion (2017)

Employees

~8,000

OFAC sanctions

Designated January 2018 under EO 14024 / EO 13685 for supplying turbines to Crimea

Data & sources

Web sources

1

1 source backing this record.View all →

Power Machines on the deployment map

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Relationships

Current leadership (2)

Safety record

1 incident on record (1 serious). Most recent: Jan 2018.

serious
1

Most recent: Jan 2018

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Incidents affecting Power Machines (1)

Includes incidents linked directly to this company, to its models, or to deployments of its models or under its operation. Retracted incidents are excluded from this view but remain reachable at their canonical URLs.

Recent coverage

Power Machines in third-party press