diff --git a/CHANGELOG.md b/CHANGELOG.md
index efde89c0..bc1e4515 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.55.0] - 2023-12-21
+
 ### Fixed
 
 - Change `KubeadmConfig` bootstrap config reference to ensure nodes get rolled when making changes to node specification (requires newer versions of CAPI/CAPA as shown in the original [issue](https://github.com/kubernetes-sigs/cluster-api/issues/8858)). Add machine pool instance warmup setting (5 minutes) to ensure nodes do not get replaced too quickly.
@@ -1074,7 +1076,8 @@ yq eval --inplace '
 
 ## [0.1.0] - 2022-02-25
 
-[Unreleased]: https://github.com/giantswarm/cluster-aws/compare/v0.54.0...HEAD
+[Unreleased]: https://github.com/giantswarm/cluster-aws/compare/v0.55.0...HEAD
+[0.55.0]: https://github.com/giantswarm/cluster-aws/compare/v0.54.0...v0.55.0
 [0.54.0]: https://github.com/giantswarm/cluster-aws/compare/v0.53.0...v0.54.0
 [0.53.0]: https://github.com/giantswarm/cluster-aws/compare/v0.52.0...v0.53.0
 [0.52.0]: https://github.com/giantswarm/cluster-aws/compare/v0.51.0...v0.52.0
diff --git a/helm/cluster-aws/Chart.yaml b/helm/cluster-aws/Chart.yaml
index 0df165c6..3222932e 100644
--- a/helm/cluster-aws/Chart.yaml
+++ b/helm/cluster-aws/Chart.yaml
@@ -6,7 +6,7 @@ sources:
 description: A helm chart for creating Cluster API clusters with the AWS infrastructure provider (CAPA).
 icon: https://s.giantswarm.io/app-icons/aws/1/dark.svg
 type: application
-version: 0.54.0
+version: 0.55.0
 annotations:
   application.giantswarm.io/team: "phoenix"
   application.giantswarm.io/app-type: "cluster"