A method and apparatus for generating electric energy from the motion of the waves. The apparatus comprises at least one member which is moved by the motion of the waves. The apparatus also comprises an energy transfer mechanism coupled to the or each member. The energy transfer mechanism converts the kinetic energy from movement of the or each member to potential energy by pressurization of a fluid. The apparatus further comprises a first chamber, arranged to store the pressurized fluid and a conversion means for converting the potential energy stored in the pressurized fluid into electric energy. The apparatus can be arranged such that any substantially vertical displacement of the or each member causes actuation of the or each corresponding energy transfer mechanism.