The invention discloses an overspeed protection and flow control device for a pumped storage power station, and belongs to the technical field of pumped storage. The overspeed protection and flow control device for the pumped storage power station comprises a first cartridge inserted valve, a second cartridge inserted valve, a first segmentation closing cartridge inserted valve and a second segmentation closing cartridge inserted valve. The overspeed protection and flow control device for the pumped storage power station is characterized in that the overspeed protection and flow control devicefor the pumped storage power station further comprises an oil return tank, a pilot-operated type electro-hydraulic reversing valve, a first segmentation closing pilot-operated electromagnetic valve,a second segmentation closing pilot-operated electromagnetic valve, a first accident cartridge inserted valve and a second accident cartridge inserted valve, the first accident cartridge inserted valve and the second accident cartridge inserted valve are correspondingly connected to a servomotor closing cavity, the second accident cartridge inserted valve is connected with the oil return tank, andthe pilot-operated type electro-hydraulic reversing valve is correspondingly connected with control cavities of the first accident cartridge inserted valve, the second accident cartridge inserted valve, the first cartridge inserted valve and the second cartridge inserted valve. The accident cartridge inserted valves, the segmentation closing cartridge inserted valves and the second segmentation closing pilot-operated electromagnetic valves are highly integrated into a whole, the connection of oil pipelines is reduced, the disadvantage of many leakage points is avoided, and the reliability andsafety of unit operation are improved.