A typical lithium iron phosphate (LiFePO4 or LiFe) battery has a nominal voltage of 3.2 volts per cell. This is lower than the nominal voltage of most other lithium-ion battery chemistries, such as lithium cobalt oxide (LiCoO2) batteries, which have a nominal voltage of 3.6-3.7 volts per cell. LiFe batteries are often used in applications where safety, longevity, and stability are priorities, such as renewable energy storage and electric vehicles.