A voltage converter/regulator is what is used to get to the higher output. It sits in the middle, between the battery and the load.
A battery is an energy store, has so many watt-hours of available energy, equal to the voltage of the battery times the amp-hour rating of the battery. The energy is released as power, watts, when a load is placed on it, equal to volts times amps.
The incoming power is transformable, can be converted into different numbers for the volts and amps, just that the product of those two values, the output power, is a value slightly less than the input. This conversion loss is represented by the efficiency number for a particular transformer, a value under 1. For instance, a 95% efficient transformer takes 10 watts incoming power and provides 9.5 watts outgoing power, at a different voltage, with the other 0.5w consumed within the regulator, a converter loss.