Finland is experiencing a surge in data centre investments, with EUR 8.9bn allocated this year, more than doubling the previous year's investments. The Confederation of Finnish Industries reported 22 new projects in 2025, elevating the country's position as a key player in the data centre industry. These developments are expected to stimulate economic activity and meet the growing power demand. Amidst this growth, Finland is also eyeing an energy transition towards renewable sources and carbon neutrality. Hydrogen emerges as a crucial element in this transition, with the potential to significantly impact power consumption by the 2030s. Currently, Finland has around 59 hydrogen projects in the pipeline, set for launch between 2027 and 2030. However, to establish itself as a major hydrogen producer in Europe, more investments and streamlined permitting processes are essential. Helsinki's potential move to eliminate electricity tax breaks for data centres reflects the evolving energy landscape while awaiting the outcomes of these decisions. The country's energy future hinges on the successful implementation of hydrogen projects in the coming years, with pilot initiatives already underway and major investment decisions on the horizon.