Cutting edge technology in the storage of energy, Lithium batteries are known for their long life, resistance to abuse due to deep discharges and weather and ability to monitor and control the charging, discharging and SOC status through remote means. Lithium Iron Phosphate (LiFePO4 battery) or LFP battery (Lithium Ferrophosphate), is a type of lithium-ion battery. They are well known for their long life, comparatively low cost, low toxicity & well-defined performance.