This paper describes the development of an wave energy convertor. We devise a new type of the wave energy convertor which generates electricity by means of under-water pressure oscillation. This wave energy convertor is installed on the seabed floor. That is, there is no exposed body on the surface of the sea. The wave energy convertor comprises an activated assembly which is adapted to be displaced in response to water pressure oscillation to vary the volume of bellows cavity and a power take off assembly which generates electricity in response to movement of the activated assembly.