The transition to smart energy systems is a crucial component for ensuring sustainability and reducing carbon emissions. Electrification is a key factor in achieving these goals, with the transport sector being an integral part of the equation. The integration of the transport sector with the electricity sector will facilitate a reduction in carbon emissions. This paper assesses the potential of electric bus depots to function as smart energy infrastructures. Analyzing the energetic system flexibility of the electrified public transport system is at the core. Previous studies emphasize the importance of identifying and managing the optimal operation strategies of electrified transport to achieve system flexibility. This work concentrates on Germany as a reference market for balancing and electricity markets at the center of the EU. The flexibility potential of a bus fleet with 80 electric buses is analyzed under optimal participation in the short-term electricity and balancing market. The bus fleet operator acts as a storage systems aggregator, which combines mobile and stationary storages to enhance energy flexibility. The study measures the potential contribution for the stability of the electricity grid in Germany. The additional battery degradation that arises with the provision of balancing services is part of the economic equation. The analysis is based on historical data from 2020, 2021, and 2022 and investigates hypothetically lower and higher demand for balancing energy in the load-frequency control area of Germany and Denmark. The paper concludes by demonstrating the feasibility of the electrified bus depot as an integral component of smart energy systems. These findings contribute to a better understanding of the electrification of transport, sector integration, and the role of infrastructures in achieving smart energy systems and showcases the attractiveness of this business model.