Cellular Internet of Things (CIoT) has emerged as a promising technology to support applications that generate infrequent data. One requirement on these applications, often battery-powered devices, is low energy consumption to enable extended battery life. Narrowband IoT (NB-IoT) is a promising technology for IoT due to its low power consumption, which is essential for devices that need to run on battery power for extended periods. However, the current battery life of NB-IoT devices is only a few years, which is insufficient for many applications. This thesis investigates the impact of energy-saving mechanisms standardized by 3GPP on battery life of NB-IoT devices. The main research objective is to classify and analyze existing energy-saving solutions for CIoT and examine their limitations, to study the impact of standardized energy-saving mechanisms on the battery life of NB-IoT devices, both in isolation and combined, and to provide guidelines on how to configure NB-IoT devices to reduce energy consumption efficiently. The research aims to provide a deeper understanding of the effect of energy-saving mechanisms and best practices to balance energy efficiency and performance of NB-IoT devices. Applying the proposed solutions makes it possible to achieve a battery life of 10~years or more for CIoT devices.