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Ocean energy conversion has been of interest for many years. Recent developments such as concern over global warming have renewed interest in the topic. Part II provides an overview of the energy found in ocean waves and how each type of device utilizes the available ocean wave energy. Part III of this study focuses on wave energy converters (WEC) as opposed to ocean current energy converters. The point absorber, terminator, and attenuator WEC devices are addressed with regards to their operation and function. In Part IV, a look is taken at the market potential and how WEC devices can be maximized in the Gulf of Mexico. A special look is also taken to suggest what use WECs may have in the Gulf Coast region.