Wave and tidal energies are some of the most prominent potential sources of renewable energy. Presently, these energy sources are not being utilized to their maximum extent. In this paper, we present a new conversion mechanism with an innovative electrical energy converter design that enables the use of wave energy to its maximum potential. The conventional wave energy converter comprises two stages of conversion (kinetic to mechanical and mechanical to electrical), imposing transformation loss that reduces the overall system efficiency. Additionally, the architecture and operational norms are dependent on the availability of shoreline areas, and the convertor is not suitable for all ocean weather conditions. To solve these problems, we have developed a wave energy conversion system that integrates the two stages of power with the minimum number of moving parts. This results in significant reduction of transformation losses that otherwise occur in the process. This paper presents an innovative idea of designing a DC generator that reduces the hierarchy of power conversion levels involved to improve the efficiency. The back and forth motion of the machine means it operates in a two-quadrant generation mode. The machine was constructed as a square box model with windings placed on both the top and bottom stator plates, and the rotor consisted of a field winding placed between these plates with two axes of operation. The electromagnetic field (EMF) induced in the stator plates is due to the resulting flux cutting, which is generated by a rolling object (rotor) in between them. A finite element analysis (FEA) of the machine is also listed to validate the flux linkage and operational efficiency. Additionally, a generator is fabricated to the predetermined design criteria as a proof of concept and the corresponding results are posted in the paper. Additionally, we present the material and cost limitations of this invention and outline some possible future directions.