Lithium iron phosphate (LiFePO4) lithium-ion batteries stand out because of their exceptional safety features, long lasting cycle life, and eco-friendliness. They possess a thermally stable chemical structure which inhibits the risk of thermal runaway. From a cost perspective, these batteries are advantageous for long-term energy storage as they provide over 3000 charge and discharge cycles. LiFePO4 batteries are flexible for use in solar energy systems, electric vehicles, and standby power units because of their relatively high energy density, low self-discharge rate, and increased reliability and safety.