The two-year partnership has been created to keep fans online, charged and happy.
It will also empower spectators to continue to broadcast and share their favourite moments from the home of British Motorsport this weekend, live and direct from their mobiles.
Lifesaver, which provides a mobile power service for events and festivals, brings the hire and return service to F1 fans at Silverstone.
A used power bank can be exchanged for a fully charged unit at any of the fixed kiosks or mobile vendors across the events. Only a deposit will be charged, enabling fans to receive free power this weekend and at all future races, with the deposit refunded on return of a power bank.
Albert Goma, manager of digital licensing and partnerships at F1, stated: “Mobile power is becoming an essential part of daily life.
“The launch of F1 Power allows us to offer free sustainably powered charging in keeping with our ethos of limiting the environmental impact of our events.”
Archie Wilkinson, CEO of Lifesaver Power, said: “We are excited to be working with Formula 1 to empower fans across race days.
“This contract comes at a great time for us as we are about to launch a raise on Crowdcube. The atmosphere of a Grand Prix is always so electric, and broadcasting is such a key factor in creating that – we want to turn fans into broadcasters, heightening the coverage of F1 whilst also contributing towards increasing sustainability within the championship.”