A storage system comprising: a storage tank adapted to store a fluid therein, the storage tank including an inlet and an outlet; a flame arrestor having an inlet port and an outlet port, the flame arrestor being positioned downstream from the storage tank such that the outlet of the storage tank is coupled to the inlet port of the flame arrestor to allow the fluid to flow between the storage tank and through the flame arrestor; a thermal valve having an inlet port and an outlet port and being positioned downstream from the flame arrestor such that the outlet port of the flame arrestor is coupled to the inlet port of the thermal valve to allow the fluid to flow between the flame arrestor and through the thermal valve; a flare stack being positioned downstream from and in fluid communication with the outlet port of the thermal valve, the flare stack being adapted to vent a byproduct flare gas from the storage tank, wherein a flow path is formed between the storage tank and the flare stack via the flame arrestor and the thermal valve; the thermal valve further comprising a valve assembly and a fusible element, the valve assembly comprising: a valve bonnet; a valve stem movable between a first position and a second position, the valve stem having a central longitudinal axis and at least one opening extending along a lateral axis transverse to the central longitudinal axis and including a first telescoping component and a second telescoping component, wherein one of the first telescoping component or the second telescoping component being fixed to the valve bonnet, and the other of the first telescoping component or the second telescoping component being slidably displaceable relative thereto, a valve disc coupled to the valve stem, and a valve spring exerting a force on the valve disc and the valve stem, to urge the valve stem into the second position; the fusible element disposed through the at least one opening of the valve stem to act as a lock or stop to maintain the valve stem in the first position, wherein the fusible element is adapted to fail to allow the valve spring to move the valve stem from the first position to the second position, wherein in the second position, the first telescoping component or the second telescoping component move axially relative to the other of the first telescoping component or the second telescoping component. a storage tank adapted to store a fluid therein, the storage tank including an inlet and an outlet; a flame arrestor having an inlet port and an outlet port, the flame arrestor being positioned downstream from the storage tank such that the outlet of the storage tank is coupled to the inlet port of the flame arrestor to allow the fluid to flow between the storage tank and through the flame arrestor; a thermal valve having an inlet port and an outlet port and being positioned downstream from the flame arrestor such that the outlet port of the flame arrestor is coupled to the inlet port of the thermal valve to allow the fluid to flow between the flame arrestor and through the thermal valve; a flare stack being positioned downstream from and in fluid communication with the outlet port of the thermal valve, the flare stack being adapted to vent a byproduct flare gas from the storage tank, wherein a flow path is formed between the storage tank and the flare stack via the flame arrestor and the thermal valve; the thermal valve further comprising a valve assembly and a fusible element, the valve assembly comprising: a valve bonnet; a valve stem movable between a first position and a second position, the valve stem having a central longitudinal axis and at least one opening extending along a lateral axis transverse to the central longitudinal axis and including a first telescoping component and a second telescoping component, wherein one of the first telescoping component or the second telescoping component being fixed to the valve bonnet, and the other of the first telescoping component or the second telescoping component being slidably displaceable relative thereto, a valve disc coupled to the valve stem, and a valve spring exerting a force on the valve disc and the valve stem, to urge the valve stem into the second position; a valve bonnet; a valve stem movable between a first position and a second position, the valve stem having a central longitudinal axis and at least one opening extending along a lateral axis transverse to the central longitudinal axis and including a first telescoping component and a second telescoping component, wherein one of the first telescoping component or the second telescoping component being fixed to the valve bonnet, and the other of the first telescoping component or the second telescoping component being slidably displaceable relative thereto, a valve disc coupled to the valve stem, and a valve spring exerting a force on the valve disc and the valve stem, to urge the valve stem into the second position; the fusible element disposed through the at least one opening of the valve stem to act as a lock or stop to maintain the valve stem in the first position, wherein the fusible element is adapted to fail to allow the valve spring to move the valve stem from the first position to the second position, wherein in the second position, the first telescoping component or the second telescoping component move axially relative to the other of the first telescoping component or the second telescoping component.