diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1c68bf1d96699bca74a6a63467669464fb315340..1aed1200194ee738b1611dca380f1e6924d533d4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [1.18.0](https://github.com/hetznercloud/hcloud-cloud-controller-manager/compare/v1.17.2...v1.18.0) (2023-09-18)
+
+
+### Features
+
+* build with Go 1.21 ([#516](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/516)) ([7bf7e71](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/7bf7e7165ce5f603463ab7bbc0f623bff774aff0))
+* **chart:** configure additional tolerations ([#518](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/518)) ([0d25cb6](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/0d25cb6cb5313b5ac82c1343de657e08255ef76a)), closes [#512](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/512)
+* **chart:** support running multiple replicas with leader election ([4b18ee5](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/4b18ee55b7d7b3ad7df2ad14e88a56c7fc7bb1b6))
+* **load-balancer:** Add new node-selector annotation ([#514](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/514)) ([db2e6dc](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/db2e6dc46a2aa7e691e2ecb125dc770dc8963799))
+* test against kubernetes v1.28 and drop v1.24 ([#500](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/500)) ([3adf781](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/3adf78150e71081c6e2b3199b8aae5c21ff5bac2))
+
 ## [1.17.2](https://github.com/hetznercloud/hcloud-cloud-controller-manager/compare/v1.17.1...v1.17.2) (2023-08-18)
 
 
diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index f3020abb38b4af0f6857f35a00ea139f253b91b6..20f9b3cdab7e91ce4e957ef3a0e439c3dc84b17a 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -1,4 +1,4 @@
 apiVersion: v2
 name: hcloud-cloud-controller-manager
 type: application
-version: v1.17.2 # x-release-please-version
+version: v1.18.0 # x-release-please-version
diff --git a/deploy/ccm-networks.yaml b/deploy/ccm-networks.yaml
index 0db7ce8efef8fef8ddbc9f5d96d480f80efae04e..5f7ff36a0756e0131544ca87de8a8ff3c0bb9c5b 100644
--- a/deploy/ccm-networks.yaml
+++ b/deploy/ccm-networks.yaml
@@ -84,7 +84,7 @@ spec:
                 secretKeyRef:
                   key: network
                   name: hcloud
-          image: hetznercloud/hcloud-cloud-controller-manager:v1.17.2 # x-release-please-version
+          image: hetznercloud/hcloud-cloud-controller-manager:v1.18.0 # x-release-please-version
           ports:
             - name: metrics
               containerPort: 8233
diff --git a/deploy/ccm.yaml b/deploy/ccm.yaml
index 960a1606b4c8e1ef28290284ea3bd247b094682d..f8bd00c3c4b17a45619a4fb9b72f1abed5b3bf5e 100644
--- a/deploy/ccm.yaml
+++ b/deploy/ccm.yaml
@@ -76,7 +76,7 @@ spec:
               valueFrom:
                 fieldRef:
                   fieldPath: spec.nodeName
-          image: hetznercloud/hcloud-cloud-controller-manager:v1.17.2 # x-release-please-version
+          image: hetznercloud/hcloud-cloud-controller-manager:v1.18.0 # x-release-please-version
           ports:
             - name: metrics
               containerPort: 8233