This is exactly the kind of order-of-magnitude estimation that I was looking for in the article. Where did you get the wave energy numbers?
M g h
g = 10 m / s^2;
M = 1 g / cm^3 = 10^6 g / m^3 = 10^3 kg / m^3;
H = 1 m
MGH ~ 10^4 Joules per meter
If a wave comes every 10 seconds —> 10^3 joules / sec, not far from what this person quoted. We need to add to this the kinetic energy, which might double it. Playing with the other parameters we can get close to what the parent quoted.