Frequency regulation (FR) using a battery energy storage system (BESS) has been expanding because of the growth of renewable energy. This study introduces the wear density function, which considers battery degradation factors such as the rate of current, temperature, and depth of discharge (DOD) to provide a precise lifespan prediction. Furthermore, an equivalent system model is developed to evaluate the FR performance of the BESS for various operating parameters. Finally, a quantitative tradeoff relationship between performance and battery lifecycle is derived from the analysis using operational data of the actual BESS for FR.
