Lithium iron phosphate battery (LIPB) is the key equipment of battery energy storage system (BESS), which plays a major role in promoting the economic and stable operation of microgrid. Based on the advancement of LIPB technology and efficient consumption of renewable energy, two power supply planning strategies and the china certified emission reduction (CCER) model are proposed respectively. Based on it, the multi-objective planning optimization model with economic benefits, environmental benefits and power supply stability as the objective function is established for the first time, and the Newton Weighted Sum Frisch method (NWSFA) solution model is adopted. In the planning process, rain flow counting method is used to research the life of BESS, which improves the accuracy of energy storage annual cost calculation. A park in northern China is taken as a case study to demonstrate the application of this model. The simulation results show that the annual economic operating cost of BESS is decreased by 18.81%, the energy supply reliability is increased by 0.15%, and the optimal electricity price adjustment ratio of the system is 15%.