I'm very rusty on physics, but essentially a magnetic wave is similar to an electric wave (hence why they are known collectively as electromagnetic waves). Wave theory itself is a bit beyond my recall at the moment, but as for drawing power from a magnetic wave it is entirely possible. Using the right hand rule, an electric field in motion creates a magnetic field in a circle around the direction of that motion (i think). In turn a magnetic field in motion begets an electric field in a similar manner. In fact this is the definition of light, a self-propogating electromagnetic wave traveling at...the speed of light. Anyway, in theory if you know what you're doing, you can draw power from magnetic waves. Perhaps someone else here can enlighten us on just how.