About LiFePO4

The lithium iron phosphate (LiFePO4) battery, also called LFP battery (with "LFP" standing for "lithium ferrophosphate"), is a type of rechargeable battery, specifically a lithium-ion battery, which uses LiFePO
4 as a cathode material. LiFePO4 batteries have somewhat lower energy density than the more common LiCoO2 design found in consumer electronics, but offers longer lifetimes, better power density (the rate that energy can be drawn from them) and are inherently safer. LiFePO4 is finding a number of roles in vehicle use and backup power.

The LiFePO4 attery uses a lithium-ion-derived chemistry and shares many advantages and disadvantages with other Lithium-ion battery chemistries. However, there are significant differences.
LFP chemistry offers a longer cycle life than other lithium-ion approaches.
Like nickel-based rechargeable batteries (and unlike other lithium ion batteries), LiFePO4 batteries have a very constant discharge voltage. Voltage stays close to 3.2V during discharge until the battery is exhausted. This allows the battery to deliver virtually full power until it is discharged. And it can greatly simplify or even eliminate the need for voltage regulation circuitry.