A fluid power conversion apparatus (1) serving fluid pumping and/or power-generation functions, including: (a) an impeller (5) having a hub (8) and a periphery; (b) a housing (13) around the impeller; (e) a diffuser (12) having an outer wall attached to the housing, a diffuser hub (7) axially-aligned with the impeller hub, rotatable support of the impeller being provided only by a bearing assembly (6) internal to the hubs, and at least one stator vane (11) securing the diffuser hub to the outer ...