You should try with BUCK-BOOST DC/DC converter. There are available with efficiency above 90% Check out TI and Linear websites; there are "calculators" that would help you: - http://www.ti.com/lsds/ti/analog/powermanagement/power_portal.page - http://parametric.linear.com/buck-boost_regulator Options: - [TPS63031](http://www.ti.com/lit/ds/symlink/tps63031.pdf) - [TPS63001](http://www.ti.com/lit/ds/symlink/tps63001.pdf)