Rahul Munjal, chairman and managing director of Hero Future Energies, stresses the need to reframe the conversation around renewable energy in India, particularly in light of increased dependence on imported crude oil due to geopolitical tensions, such as the Iran war. He argues that the industry must aim for terawatts of renewable energy capacity rather than just gigawatts to effectively address the country's energy security. Munjal suggests that viable alternatives to oil, including hydrogen for industrial use, wind and solar power for electricity, and methanol for transportation, can significantly reduce dependency on fossil fuels. Hero Future Energies, which has a renewable capacity of approximately 10 GW, is focusing on green hydrogen as a promising area for future growth, despite its current high production costs. Munjal believes that while the wind and solar sectors are becoming commoditized, his company will not compete on price but rather on maintaining high margins and profitability. He identifies industries with hard-to-abate emissions, such as cement and steel, as potential customers for green hydrogen, which must be produced on-site due to its hazardous nature. Munjal remains optimistic about the future of the renewable energy sector.