diff --git a/CHANGELOG.md b/CHANGELOG.md
index f34e35fbb..937dcfb4f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -25,7 +25,7 @@ Classify the change according to the following categories:
     ### Deprecated
     ### Removed
 
-## Develop
+## v0.48.1
 ### Changed
 - Replace all `1/p.s.settings.time_steps_per_hour` with `p.hours_per_time_step` for simplicity/consistency
 - Rename function `add_storage_sum_constraints` to `add_storage_sum_grid_constraints` for clarity
diff --git a/Project.toml b/Project.toml
index ce6381328..5657499cb 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "REopt"
 uuid = "d36ad4e8-d74a-4f7a-ace1-eaea049febf6"
 authors = ["Nick Laws", "Hallie Dunham <hallie.dunham@nrel.gov>", "Bill Becker <william.becker@nrel.gov>", "Bhavesh Rathod <bhavesh.rathod@nrel.gov>", "Alex Zolan <alexander.aolan@nrel.gov>", "Amanda Farthing <amanda.farthing@nrel.gov>"]
-version = "0.48.0"
+version = "0.48.1"
 
 [deps]
 ArchGDAL = "c9ce4bd3-c3d5-55b8-8973-c0e20141b8c3"