The sea surface (blue) drives the device, which transfers energy through the PTO to the generator (yellow). The animation switches according to the selected family: OWC, point absorber, attenuator or overtopping.
$$P = \frac{\rho g^{2}}{64\pi}\,H_{s}^{2}\,T_{p}, \qquad P_{\text{capture}} = P \cdot W \cdot \text{CWR}$$
Deep-water wave power per unit crest length P [W/m] (ρ = sea water density 1025, g = 9.81, H_s = significant wave height, T_p = peak period) and absorbed power P_capture [W] from device width W and capture width ratio CWR.
$$P_{\text{elec}} = P_{\text{capture}} \cdot \eta_{\text{PTO}} \cdot f_{\text{tune}}, \qquad f_{\text{tune}} = \max\!\left(0.3,\; 1 - \frac{|T_p - T_{\text{nat}}|}{15}\right)$$
Electrical output P_elec includes the PTO efficiency and a resonance-tuning factor f_tune that approaches 1 when the peak period matches the device's natural period.
$$\text{AEP} = P_{\text{elec}} \cdot 8760 \cdot \text{CF}, \qquad \text{LCOE} = \frac{C_{\text{kW}} \cdot P_{\text{rated}} \cdot 0.08}{\text{AEP}}$$
Annual energy production AEP [MWh/y] (capacity factor CF ≈ 0.30) and rough LCOE [USD/MWh], where C_kW is the per-kW CAPEX and P_rated is taken as 2 × P_elec for typical sizing.