A new concept, extracting energy from sea waves by parametric pendulor, has been explored in this project. It is based on the conversion of vertical oscillations to rotational motion by means of a parametrically-excited pendulor, i.e. a pendulum operating in rotational mode. The main advantage of this concept lies in a direct conversion from vertical oscillations to rotations of the pendulum pivot. This thesis, firstly, reviewed a number of well established linear and nonlinear theories of sea waves and Airy’s sea wave model has been used in the modelling of the sea waves and a parametric pendulum excited by sea waves. The third or fifth order Stokes’s models can be potentially implemented in the future studies. The equation of motion obtained for a parametric pendulum excited by sea waves has the same form as for a simple parametrically-excited pendulum. Then, to deepen the fundamental understanding, an extensive theoretical analysis has been conducted on a parametrically-excited pendulum by using both numerical and analytical methods. The numerical investigations focused on the bifurcation scenarios and resonance structures, particularly, for the rotational motions. Analytical analysis of the system has been performed by applying the perturbation techniques. The approximate solutions, resonance boundary and existing boundary of rotations have been obtained with a good correspondence to numerical results. The experimental study has been carried out by exploring oscillations, rotations and chaotic motions of the pendulum.