NuScale Power is cutting personnel by nearly 30%, the company announced on Monday, a major blow to one of the few small modular reactor companies as the industry struggles to get off the ground. 

The company said it would cut 154 full-time employees, or 28% of staff. NuScale stated it would be transitioning its focus from research and development to commercialization and estimated the move would save $50 million to $60 million a year.