This podcast episode discusses the state of autonomous drone delivery and the cost declines in nuclear power. It explores the challenges and potential disruption of autonomous delivery, highlights promising companies in delivery technology, and examines the impact of regulation on the cost of nuclear power. The episode also explores the role of nuclear energy in achieving net zero carbon target and investigates the current state of fusion.
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Quick takeaways
The introduction of drone and robot delivery options is expected to bring down food delivery costs significantly in the future, offering faster, more convenient, and cheaper delivery.
Regulation has had a significant impact on the costs of nuclear energy, with the US Energy Reorganization Act in 1974 leading to a clear increase in nuclear plant construction costs and demonstrating the influence of external factors on the industry.
Deep dives
The Rising Cost of Food Delivery and the Potential for Drone and Robot Delivery
Food delivery fees have become increasingly expensive, with an average markup of 50% on delivery orders. This has led to a shift in consumer behavior, with more people opting to pick up their own food. The high fees can be attributed to inflation, increased costs for restaurants, and a fee grab by third-party delivery apps. However, the introduction of drone and robot delivery options is expected to bring down costs significantly in the future. Drones and robots have the potential to offer faster, more convenient, and cheaper delivery, with estimates suggesting that drone delivery could cost less than a dollar per order.
The Impact of Regulation on Nuclear Energy Costs
Regulation has had a significant impact on the costs of nuclear energy in the United States. A chart showing the overnight construction costs of nuclear plants reveals a clear increase in costs following the introduction of the US Energy Reorganization Act in 1974. The act separated the Nuclear Regulatory Commission from the Energy Research and Development Administration, leading to a regulatory shift. The chart also highlights the recent volatility plant, which was connected to the US grid with an overnight construction cost of approximately $8,000 per megawatt, representing a four-fold increase in costs. The impact of regulation on nuclear costs demonstrates the influence of external factors on the industry.
The Role of Rights Law and the Potential of Nuclear Energy
Rights Law, derived from Moore's Law, predicts a fixed percent decline in costs with each cumulative doubling of production. However, the application of rights law to nuclear energy is not as straightforward due to the increased costs and regulatory hurdles faced by the industry. The chart displaying nuclear costs over time reveals a potential wasted investment of $345 billion in the US alone, if costs had continued to decline as expected. Despite the challenges, there is a renewed interest in nuclear energy, particularly in small modular reactors, which offer more cost-efficient and safer alternatives. Additionally, the International Energy Agency recognizes nuclear energy as a key component in achieving the net-zero carbon target by 2050.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
This week, Associate Portfolio Manager Nick Grous and Director of Research, Autonomous Tech & Robotics Sam Korus are joined by Director of Investment Analysis & Institutional Strategies Tasha Keeney and Research Associate Daniel Maguire. With Tasha, they discuss the state of autonomous drone delivery, and with Daniel they discuss cost declines in nuclear power.
Key Points Form This Episode:
The State of Delivery
Nuclear Cost Declines
Conclusion
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