Smart and optimization-based operation scheduling strategies for maximizing battery profitability and longevity in grid-connected application

•Enhancingbattery viability in grid-connected application through an intelligent operation scheduling strategy.•Battery profitability maximization considering revenue gain, capacity degradation, operation-dependent lifetime, dynamic electricty price scheme, and their interconnected effects.•Proposing two distinct scenarios for efficient battery utilization focusing on: (1) optimizing short-term profitability, (2) optimizing both short- and long-term profitability while extending battery life.