Low power mode

Rather it is other way around.

Protect & Prolong life of your iPhone's Battery: About the battery usage on your iPhone, iPad, and iPod touch ...

Try some of these options too.

1. Put on Low Power Mode
2. Put Auto Lock On (1 min):- with low power mode it will be 30 Sec
3. Put Auto Answer Off
4. Disable Push notifications for apps you do not use often
5. Enable Auto Brightness:- Settings > General > Accessibility > Display Accommodations > Auto-Brightness [Enable]
6. Manually lower brightness from Control Center
7. If you Want to watch continuous Video. Stream it on TV or a Monitor
8. Don't force close apps; Apps which are not on frontend screen are paused by the system to save energy. Apps require more energy to re-launch. Apps which are open in the background use large memory is a myth and quitting them is counterproductive
9. Location services to be allowed only while using the app
10. Set your iPhone to fetch email and calendar data from internet less frequently
11. Turning off Background App Refresh 
12. Charge before it drops below 20-30%
13. Try connecting to trusted Wifi where ever available in stead of Cellular
14. Enable Airplane mode in areas with bad cellular and wifi coverage. Your phone keeps trying for reconnection with the missing / weak network. This uses lot of energy
15. Switch off Wifi & Bluetooth while in Roaming or Not in Range
16. Enable "Wifi Assist" : Settings > Cellular or Settings > Mobile Data > Wi-Fi Assist [Enable]
17. Periodically Check your Battery Health (Settings > Battery > Battery Health)

iPhone Battery and Performance

https://support.apple.com/en-in/HT208387

No, it only puts some limits to your iPhone's activity:

When Low Power Mode is on, your iPhone will last longer before you need to charge it, but some features might take longer to update or complete. Also, some tasks might not work until you turn off Low Power Mode, or until you charge your iPhone to 80% or higher.

Low Power Mode reduces or affects these features:

• Email fetch
• "Hey Siri"
• Background app refresh
• Automatic downloads
• Some visual effects
• Auto-Lock (defaults to 30 seconds)
• iCloud Photos (temporarily paused)

Extracted from:--> Use Low Power Mode to save battery life on your iPhone - Apple Support

Regards

Giulio