In the DC traction system, a large load current of electric railcar leads to a voltage drop when a vehicle starts, and the regenerative power generated by brake system increases the catenary voltage. To minimize the voltage fluctuation during the train operation and make use of the regenerative power, several types of energy storage systems are being studied. The energy storage system that is being recently introduced consists of the supercapacitors for energy storage and the bi-direction DC/DC converter for charge/discharge control. The efficiency of the energy storage system depends on the train operation pattern. In this paper, the operation efficiency of the energy storage system was quantitatively analyzed via simulation study taking consideration of the train operation patterns. The simulation was conducted changing the headway of trains with the energy storage system that uses the bi-direction DC/DC converter and supercapacitor. The simulation results showed that the operation efficiency of the energy storage system increases as the headway increase and there exist a relationship between the headway and the optimal capacity of the energy storage system.