The paper investigates an innovative ironless linear generator, installable inside a wave energy converter, in order to produce electricity from sea waves. This energy source is considered strategic for the future, especially in small islands; however, this technology is still far from the commercial phase. Considering the wave energy potential of the Mediterranean Sea, a first prototype of the electrical linear generator was realized at the Department of Engineering of Palermo University. This machine can be run by a two-floating buoys system, able to produce a linear vertical motion. The main goal of this paper is the investigation of the advantages and the disadvantages of the utilization of steel materials to realize the stator of linear generators. Thus, starting from the prototype, the authors analyzed the effects produced by the replacement of steel in the stator with a non-magnetic material. For comparison, the authors evaluated the amplitude of no-load voltages, using a three-phase connection scheme, and the amplitude of the magnetic force produced by the interaction of magnets with the stator. Both aspects were evaluated through numerical simulations and mathematical models.