Land reserve projects lay the foundation for land financialization by producing reserved land, which can become a tradable commodity or mortgage. Land reserve projects have four steps, including land acquisition, the primary development of land (or site preparation), land holding, and land disposition ( Huang and Chan, 2018 ).
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There are three kinds of TES systems, namely: 1) sensible heat storage that is based on storing thermal energy by heating or cooling a liquid or solid storage medium (e.g. water, sand, molten salts, rocks), with water being the cheapest option; 2) latent heat storage using phase change materials or PCMs (e.g. from a solid state into a liquid state); and 3) thermo-chemical storage (TCS) using chemical reac-tions to store and release thermal energy.
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