Had a similar issue with my original (2002) Force 10. (I ended up replacing because i also found a leak in the bottom where it had corroded, but that was another issue). The photo you posted does have a temperature control valve but it is not doing anything from the way it is routed. Don't worry about that at all. The issue is most likely the pressure relief valve which, as others have said, is that blue disc with yellow tag. Verify on your set up that you have a hose connected to it - this likely leads to the thru hull.
Over time during normal operation the water in the tank will expand causing increased pressure and causing the pressure relief valve to weep. This is normal. The water heater tank is designed with an internal air pocket at the top of the tank to reduce the possibility of dripping. ln time, the expanding water will absorb this air and it must be restored. This is most likely what is causing your pressure relief valve to leak and discharge at a higher rate than normal. Here's how you restore the air pocket.
1. Disconnect the power supply to the water heater. 2. Let water cool or let faucet run until cool. 3. Turn off the main water supply. , 4. Open the hot water faucet closest to the water heater. , 5. Pull the discharge handle of the pressure relief valve and allow water to flow until it stops. 6. Allow the valve to close. 7. Close the faucet. 8. Turn water supply back on. 9. Restore the power to the water heater. 10. Turn on water heater and test.
There is also a more permeant solution to prevent this and if interested, feel free to PM me. Hope that helps.