Wave energy is proportional to the square of its amplitude, while light energy is calculated using the equation E=hv, where h is Planck's constant and v is frequency. The energy of a photon relates to its frequency, and for classical light waves, the total energy is the sum of all photons present, linking it to intensity. However, electromagnetic wave energy is not directly proportional to intensity; instead, it is the integral of intensity over space and time. The discussion also touches on visualizing energy in terms of transverse coordinates and time intervals, indicating a deeper exploration of the mathematical representation of wave energy. Overall, the conversation seeks to clarify the relationship between wave energy, light energy, and their respective mathematical formulations.