The Battery Energy Storage System (BESS) is one of the possible solutions to overcoming the non-programmability associated with these energy sources. The capabilities of BESSs to store a consistent amount of energy and to behave as a load by releasing it ensures an essential source of flexibility to the power system. Nevertheless, BESSs have some drawbacks that pose limitations to their utilization. Indeed, effectively managing the stored and released energy is crucial, considering the degradation of performance associated with these systems over time. The substantial capital expenditure (CAPEX) required to install these systems represents a current constraint, impeding their broader adoption. This work evaluates a techno-economic analysis of a 2MW/2MWh BESS providing multiple services, namely participating in capacity and balance markets. The analysis is based on a BESS model implemented in SIMULINK, adopting online data gathered from a Lithium Iron Phosphate (LFP) battery facility. The model evaluates the auxiliary power consumption, state-of-charge (SoC), state of health (SoH), and the round-trip efficiency (RTE) of the overall system. The analysis is based on three price profiles: 2019 (Business-As-Usual), 2020 (COVID-19), and 2022 (Gas Crisis). Furthermore, this work conducts a case study to analyze the behavior of the BESS. It entails a sensitivity analysis, specifically evaluating the influence of CAPEX and upward bid price on the economic viability of the project. The results show a strong relation between the CAPEX variation and the Internal Rate of Return (IRR) of the project.