I need a very small UPS just to give an embedded device time to shut down when power is lost. There are a variety of solutions that use LiPo batteries to provide extended runtime; they typically take USB input and manage both the charging and failover to battery on power loss.
Can I replace a single-cell LiPo (nominal voltage 3.7v) in a charging circuit with a pair of 2.7v supercapacitors wired in series and have it mostly "just work" assuming that (a) there is already some sort of current limiting in place on the charging circuit and (b) I include a passive balancing circuit between the capacitors?
In this situation, I would be under-charging the capacitors (to 3.7v, vs the combined 5.4v capacity in this example). What impact does that have on their behavior?