A device for converting the energy of water waves or flowing water into electrical or mechanical energy. The device includes a body or collection chamber with a hydro-turbine located opposite the water entrance and, preferably, a water clear out channel flange located beneath the hydro-turbine and at or upstream of the water exhaust from the device. As the water is channeled by wave facing directional blades and a wave leveler through and exits the hydro-turbine or pump, it has free exit into a water void area which is produced by the deep water, with its own flotation apparatus or moorings, or near shore, held by supports secured to the seabed or other structures. The device also exhibits a "tip up, tip down" synchronous motion as wave fronts advance through and passed the device, which increases the efficiency of the device by accelerating the flow of water therethrough.