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Wave energy, with five times the energy density of wind and ten times the power density of solar, offers a compelling carbon-free electricity solution. Despite its advantages, ongoing debates surround the reliability and economic feasibility of wave energy converters (WECs). To address these challenges, this doctoral thesis is divided into four integral parts, focusing on optimizing the prediction horizon for power maximization, analyzing extreme waves' impact on system dynamics, ensuring reliability, and enhancing survivability in WECs.

Part I emphasizes the critical importance of the prediction horizon for maximal power absorption in wave energy conversion. Using generic body shapes and modes, it explores the effect of dissipative losses, noise, filtering, amplitude constraints, and real-world wave parameters on the prediction horizon. Findings suggest achieving optimal power output may be possible with a relatively short prediction horizon, challenging traditional assumptions.

Part II shifts focus to WEC system dynamics, analyzing extreme load scenarios. Based on a 1:30 scaled wave tank experiment, it establishes a robust experimental foundation, extending into numerical assessment of the WEC. Results underscore the importance of damping to alleviate peak forces. Investigating various wave representations highlights conservative characteristics of irregular waves, crucial for WEC design in extreme sea conditions.

Part III explores the computational intricacies of environmental design load cases and fatigue analyses for critical mechanical components of the WEC. The analysis is conducted for hourly sea state damage and equivalent two-million-cycle loads. Finally, a comparison of safety factors between the ultimate limit state and fatigue limit state unfolds, illustrating the predominant influence of the ultimate limit state on point-absorber WEC design.

Part IV, centers on elevating survivability strategies for WECs in extreme wave conditions. Three distinct controller system approaches leverage neural networks to predict and minimize the line force. Distinct variations emerge in each approach, spanning from rapid detection of optimal damping to integrating advanced neural network architectures into the control system with feedback. The incorporation of a controller system, refined through experimental data, showcases decreases in the line force, providing a practical mechanism for real-time force alleviation.

This thesis aims to contribute uniquely to the goal of advancing wave energy conversion technology through extensive exploration.