A lithium-ion battery structure with a third electrode as reference electrode is disclosed. The reference electrode may be fabricated from lithium metal, lithiated carbon, or a variety of other lithium-containing electrode materials. A porous current collector allows permeation of reference lithium ions from the reference electrode to the cathode or anode, enabling voltage monitoring under actual operation of a lithium-ion battery. The reference electrode therefore does not need to be spatially between the battery anode and cathode, thus avoiding a shielding effect. The battery structure includes an external reference circuit to dynamically display the anode and cathode voltage. The battery structure can result in improved battery monitoring, enhanced battery safety, and extended battery life.