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Ocean wave energy is one of the latest renewable energy resources, projected to be commercialized and competitive with other energy technologies in the near future. However, wave energy technologies are not fully developed, so various criteria must be optimized to enter the energy market. To optimize the performance of wave energy converters (WECs) components, three challenges are mostly considered: i)Power take-off systems settings (PTO), ii)Geometry parameters of WECs, iii)WECs' layout. As each of them plays a significant role in harnessing the maximum power output, this paper reviews applied optimization techniques in WECs. Furthermore, due to the importance of fidelity and computational cost in numerical methods, we discuss methods to analyze a WEC together with the basics and developments of WECs interactions. Moreover, the most popular optimization methods applied to optimize WEC parameters are categorized, and their key characteristics are briefly discussed. As a result, in terms of convergence rate, a combination of bio-inspired algorithms and local search can outperform the competition in layout optimization. A review of PTO coefficients and the geometry of WECs have emphasized the indispensability of optimizing PTO coefficients and

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Ocean wave renewable energy is fast becoming a key part of renewable energy industries over the recent decades. By developing wave energy converters as the main converter technology in this process, their power take-off (PTO) systems have been investigated. Adjusting PTO parameters is a challenging optimization problem because there is a complex and nonlinear relationship between these parameters and the absorbed power output. In this regard, this study aims to optimize the PTO system parameters of a point absorber wave energy converter in the wave scenario in Perth, on Western Australian coasts. The converter is numerically designed to oscillate against irregular and multidimensional waves and a sensitivity analysis for PTO settings is performed. Then, to find the optimal PTO system parameters which lead to the highest power output, ten optimization algorithms are incorporated to solve the non-linear problem, Including Nelder-Mead search method, Active-set method, Sequential quadratic Programming method (SQP), Multi-Verse Optimizer (MVO), and six modified combination of Genetic, Surrogate and fminsearch algorithms. After a feasibility landscape analysis, the optimization outcome is carried out and gives us the best answer in terms of PTO system settings. Finally, the investigation shows that the modified combinations of Genetic, Surrogate, and fminsearch algorithms can outperform the others in the studied wave scenario, as well as the interaction between PTO system variables.