I. Introduction
Wave energy converters (WECs) harness wave energy, which is an almost untapped renewable energy resource that can significantly reduce greenhouse gas emissions [1]. However, in comparison to other renewable resources, the cost of producing energy using waves is relatively high. To improve WECs commercial viability, it is essential to reduce the levelized cost of energy (LCoE), defined as \begin{equation*}\text{LCoE}=\frac{\text{Capital costs}+\text{Operational costs}}{\text{Produced energy over the WEC lifetime}},\tag{1}\end{equation*}
associated with wave energy projects. To this end, the development of energy maximising control strategies is vital [2].