Lithium iron phosphate (LiFePO4) batteries, or LFP batteries, are increasingly popular due to their advantages over lead-acid batteries. They offer high energy density, extended lifespan (up to 20 years), and enhanced safety. Unlike traditional lithium-ion batteries, LiFePO4 batteries use iron, reducing the risk of thermal runaway. They also have a low ownership cost, requiring less maintenance and replacement, and exhibit a minimal environmental impact. With features like low self-discharge and recyclability, LiFePO4 batteries are favored in applications like electric vehicles, solar energy, and backup power systems.