I guess there's always the risk for a rig failure.

I looked a bit on doing the same, but came to the conclusion that it will be expensive to fulfil racing rules requiring the boat to be able to maintain speed for 5 hours ie around 25-30 NM range.

As it is now, I have about 500 NM diesel range on my boat, which is basically 3-4 days continuous runtime. Cutting it down to 25nm and 5 hours requires minimally 100kWh.

For a blue water boat, 500 NM is not quite acceptable, but can be fixed with jerrycans for a couple of dollars. An all electric blue water boat would clock in at an unrealistic 2MWh of batteries with a weight at least 20 metric tonnes. 10x the load capacity of my boat.