The verified answer
As of Oct 2026, DEPLOY verifies Power Machines: 1 model, $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
Valuation of record
DEPLOY VERIFIEDPriced roundOther post-money
Key facts
HQ
Focus
Products
Applications
CEO
Owner
Revenue
Employees
OFAC sanctions
Data & sources
Web sources
1
1 source backing this record.View all →
Models (1)
View all models →Partnerships
Every company Power Machines has built with, alongside the ones only announced in a press release.
Most-frequent partners
- 1Siemens AG1× joint
Most recent
- with Siemens AGoperating
Power Machines on the deployment map
View the global mapPower Machines has no verified deployments on the DEPLOY registry yet. Explore the deployment map by place and type.
No verified deployments for Power Machines on the DEPLOY record yet. Track Power Machines to know the moment the first one is verified.
Relationships
Current leadership (2)
- Alexey Podkolzin General Directorreported, not verified
- Alexei Mordashov Owner (via Highstat Limited)reported, not verified
Safety record
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)
- OFAC sanctioned Power Machines for transferring gas turbines to Crimea2018-01-26 · Regulatory action
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
Russia's Power Machines completes first high-power gas turbine to replace imported equipment
Russia's sanctions-hit Power Machines to sell its stake in JV with Siemens
Treasury Sanctions Additional Individuals and Entities in Connection with the Conflict in Ukraine and Russia's Occupation of Crimea
Peers
75 peers across 1 segment. Every Power Machines competitor derived from shared form-factor and application-domain edges.
industrial robot(75)
33 companies in this segment · moderately_concentrated (HHI 2051.61304640928) · leader Mind Robotics at 3415%
- ABB Roboticsdirect competitor(inferred)moderate
- AMP Roboticsdirect competitor(inferred)moderate
- ASUSdirect competitor(inferred)moderate
- ATOMSdirect competitor(inferred)moderate
- Acuminodirect competitor(inferred)moderate
- Allonicdirect competitor(inferred)moderate
Financial state
- Total funding
- $319.0M
- Reporting basis
- private_reported
- Lifecycle stage
- mature
- Counterparty risk class
- low
Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.
Partnerships
1 total · 1 operating · 1 ended
Every company Power Machines has built with, alongside the ones only announced in a press release.
Most recent
- with Siemens AGoperating
Most-frequent partners
- 1Siemens AG1× joint
All 1 partnerships
open in the atlas →- Power Machines x Siemens (Gas Turbine JV)withSiemens AGjoint venture2010-07-01dissolvedoperating
Funding rounds (1)
- Other2000-01-01
$319M(reported) · $1.6B post
Investors: Highstat Limited, Interros Holding, RAO UES
Timeline
Every recorded move in Power Machines’s history, most recent first: funding rounds, partnerships, acquisitions, supply-chain starts, key hires, and press.
PartnershipPower Machines x Siemens (Gas Turbine JV)
2010-07-01Power Machines and Siemens AG formed a joint venture, Siemens Gas Turbine Technologies LLC, to develop, manufacture, and service large gas turbines in Russia. Power Machines held 35% and Siemens 65%. Following U.S. sanctions on Power Machines in 2018, Power Machines sold its 35% stake back to Siemens by 2020, and Siemens exited Russia entirely in 2022.
Funding roundOther funding round
2000-01-01Other raising $319000000
Recent activity
Every change to this record is dated, sourced, and independently verified where marked.
- Record createdJun 8, 2026
Added to the verified registry
- Incident recordedJan 26, 2018
OFAC sanctioned Power Machines for transferring gas turbines to Crimea
Sources (1)
Common questions
What is Power Machines?
What does Power Machines make?
Who is the CEO of Power Machines?
Where is Power Machines headquartered?
How much funding has Power Machines raised?
Where does Power Machines operate robots?
Is Power Machines a top robotics company?
Are there any incidents involving Power Machines?
Is Power Machines safe?
Methodology: Verified · 1 source (no primary) · last reviewed 2026-08-05
Verification posture
Verified
Low confidence
Review state
Stable
Last reviewed 2026-08-05
Sources by quality tier
- 1
- unclassified
- Unclassified source
The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.
Methodology surface for Power Machines.In the press
Recent coverage mentioning Power Machines from third-party publications. Automatically surfaced; not part of the verified registry record.
Russia's Power Machines completes first high-power gas turbine to replace imported equipment
Power Machines completed assembly and testing of its first domestically made 170 MW high-power gas turbine, targeting 8 units per year by 2025 to replace sanctioned imports.
Russia's sanctions-hit Power Machines to sell its stake in JV with Siemens
Power Machines exercised an option to sell its 35% stake in the Siemens Gas Turbine Technologies joint venture, following U.S. sanctions.
Treasury Sanctions Additional Individuals and Entities in Connection with the Conflict in Ukraine and Russia's Occupation of Crimea
OFAC designated Power Machines for its role in transferring Russian-German joint-venture gas turbines to Crimea in violation of Ukraine-related sanctions.
Machine-readable surfaces
- Markdown mirror: /companies/power-machines.md
- RSS feed: /companies/power-machines/feed.xml
- JSON-LD: embedded in this page’s head
- REST API: /v1/companies/309a6d51-3c8f-4e56-bd3a-c998d4d516e4
- Revision history: /companies/power-machines/history
- Data documentation: /data
- Query this programmatically: Deploy MCP
Heat Index
Category contender77/100
A composite of competitive footprint, funding, press velocity, active partnerships, and supply-chain edges. Different from the Intelligence score below (which is per-form-factor productization). Non-robotics companies cap at 25.
Reality vs attention
Power Machines draws attention at the 11th percentile but verifies reality at the insufficient-data level among other robots.
6-month trend
Analysis
Safety profile within acceptable range for category. Limited public visibility and press coverage relative to peers.
Signal flags
Dimension breakdown
Verified signal
Attention (reach, not merit)
DEPLOY Intelligence scores are computed from verified registry data: confirmed deployments, disclosed funding rounds, regulatory filings, active job listings, video viewership, and press coverage. Confidence ratings reflect data availability. Scores update nightly.
DEPLOY Indices — verified vs claimed
Last computed: Oct 4, 2026