The ocean has been identified as one of the most promising energy sources and it can be comprehended as the “unlimited” energy source as well. Therefore, a reasonable exploitation and development on ocean energy recovery are applicable in this energy shortage era. This paper investigates the design and dynamic analysis of the Hybrid Wave and Current Energy Converter (HWCEC), which uses current and wave to recover energy from the ocean. In general, the HWCEC system contains the oscillating buoy and rotating turbine, while the ocean wave and current pass through the system. The energy harvested from the ocean flows through the Mechanical Motion Rectifier (MMR) gearbox , and the oscillating motion is converted to a unidirectional rotational motion, which will drive the generator and produce electricity. The dynamic of the HWCEC is developed by combing the dynamics of a heaving buoy, a horizontal axis hydro-turbine and the working status of an MMR-based Power Take-off system (PTO). A 1:10 scaled down prototype has been manufactured and assembled. Further tests will be conducted in the cooperating facilities. Simulation is conducted based on hydrodynamic coefficients obtained from WAMIT and the blade element momentum theory for the scaled-down prototype. Considering a regular wave with 0.08 meters of wave height with 1 second of wave period together with 0.3m/s constant current velocity, Results show that the HWCEC has an improvement in the energy extraction ratio compared to a traditional Wave Energy Converter (WEC) by 53%. The simulation indicates the fact that harvesting energy from both wave and current is simply more efficient than the traditional types of ocean energy harvester, which consists of only harvesting energy from a single source.