Thank you, Andrew.
Thermal energy storage is very similar to batteries or the kind of electrical energy storage you would think of, except that it takes in electricity and then outputs the energy back onto the grid as useful heat instead of electricity.
The gap we're seeing in the clean economy ITC is that, in the explanatory notes to the Income Tax Act, the definition of energy storage specifically categorizes energy storage as electricity in, electricity out. This is in contrast to other technologies, such as biomass, nuclear, concentrated solar thermal, and carbon capture and storage, which all allow for electricity or heat out.
The change we're seeking is for energy storage to be given the same treatment, allowing it to be electricity or heat out. Thermal energy storage is predominantly used to provide electricity based as heat in industrial systems or district heating systems.