Energizer lithium AAs are rather expensive, about $2 each. You can get lithium AAs from Batterystation.Com for $1 each (sold in lots of 20). They are not *exactly* like the Energizer lithium AAs, and might kick out a little too much voltage for use in digital cameras and the like, so be careful when using them in multi-cell devices.
Quick and dirty battery FAQ:
http://flashlightreviews.com/qa.htm#batteries
Long and detailed battery FAQ:
http://www.batteryuniversity.com/
The bottom line: the Fenix will do fine on *any* AA battery. CPFer
cy has even used a li-ion AA in his L1+ (I assume it's the same light engine as the L1P, in a stainless steel body) without any issues. However, the L1+ pill is not glued in the head like the L1P's is and cy is a master modder, so you might not be as cavalier about how you treat your flashlight...
If you're cheap like me, I'd go to Wal-Mart and pick up some 2500mAH Energizer AAs. If you don't already have a charger, get the Energizer 15 minute charger, which comes bundled with 4 2500mAH AA batteries.
http://www.energizer.com/products/rechargeables/sizes.aspx
There's a thread in the Batteries/Electronics forum that generally gave a "thumbs up" impression for the charger.
Here's jtice's runtime plots:
* Re-hosted on
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Note: The Fenix version 2 is run at a lower current than the version 2.5 (v2 is no longer being offered).
As you can see, the Energizer lithium AA gives the best runtime. I use a 2500mAH NiMH Energizer AA, because I never use the Fenix for more than a few minutes at a time. Because extended runtime is not an issue for me, I just recharge the battery at the end of the day, and I've enjoyed guilt-free lumens. If I ran into a situation where I needed extended runtime, AA batteries and the devices that use them are so common that I am confident that I could easily obtain additional batteries.