GL Garrad Hassan has carried out new analysis questioning the perception that the risk profile of wave and tidal projects is primarily driven by technical challenges. The work was launched as part of RenewableUK's Annual marine energy report "Conquering Challenges, Generating Growth" at the industry association's 10th Wave and Tidal conference. Adopting a bird's eye view of the industry, the work demonstrates that much of the risk associated with marine energy projects emerges from the electrical and political systems in which they must operate.