Not only that, but the guy is clearly out of his element, but makes a big smart looking report and this wrong by a factor of 10.
Ground water is not fungible economic value. When its gone it is gone because the aquifers collapse. The CA central valley dropped 9M from 1925 to 1977 [1]
The space the water was in, is gone. Datacenters pumping groundwater will do the same exact thing.