diff --git a/config/config.go b/config/config.go
index 9ff1df072..e02074056 100644
--- a/config/config.go
+++ b/config/config.go
@@ -39,7 +39,7 @@ const (
 	OrchestratorName                 = "trident"
 	OrchestratorClientName           = OrchestratorName + "ctl"
 	OrchestratorAPIVersion           = "1"
-	DefaultOrchestratorVersion       = "24.01.0"
+	DefaultOrchestratorVersion       = "24.02.0"
 	PersistentStoreBootstrapAttempts = 30
 	PersistentStoreBootstrapTimeout  = PersistentStoreBootstrapAttempts * time.Second
 	PersistentStoreTimeout           = 10 * time.Second
@@ -252,7 +252,7 @@ var (
 	DefaultAutosupportImage = "docker.io/netapp/trident-autosupport:23.10"
 
 	// DefaultACPImage default image used by tridentctl and operator for acp sidecar
-	DefaultACPImage = "cr.astra.netapp.io/astra/trident-acp:24.01.0"
+	DefaultACPImage = "cr.astra.netapp.io/astra/trident-acp:24.02.0"
 )
 
 func IsValidProtocol(p Protocol) bool {
diff --git a/deploy/bundle_post_1_25.yaml b/deploy/bundle_post_1_25.yaml
index 33e9c0aed..e28ca1094 100644
--- a/deploy/bundle_post_1_25.yaml
+++ b/deploy/bundle_post_1_25.yaml
@@ -454,7 +454,7 @@ spec:
                   fieldPath: metadata.name
             - name: OPERATOR_NAME
               value: trident-operator
-          image: docker.io/netapp/trident-operator:24.01.0
+          image: docker.io/netapp/trident-operator:24.02.0
           imagePullPolicy: IfNotPresent
           name: trident-operator
           securityContext:
diff --git a/deploy/bundle_pre_1_25.yaml b/deploy/bundle_pre_1_25.yaml
index 22a4c474a..89c66a352 100644
--- a/deploy/bundle_pre_1_25.yaml
+++ b/deploy/bundle_pre_1_25.yaml
@@ -457,7 +457,7 @@ spec:
                   fieldPath: metadata.name
             - name: OPERATOR_NAME
               value: trident-operator
-          image: docker.io/netapp/trident-operator:24.01.0
+          image: docker.io/netapp/trident-operator:24.02.0
           imagePullPolicy: IfNotPresent
           name: trident-operator
           securityContext:
diff --git a/deploy/crds/tridentorchestrator_cr_imagepullsecrets.yaml b/deploy/crds/tridentorchestrator_cr_imagepullsecrets.yaml
index e1d563128..831250676 100644
--- a/deploy/crds/tridentorchestrator_cr_imagepullsecrets.yaml
+++ b/deploy/crds/tridentorchestrator_cr_imagepullsecrets.yaml
@@ -5,6 +5,6 @@ metadata:
 spec:
   debug: true
   namespace: trident
-  tridentImage: netapp/trident:24.01.0
+  tridentImage: netapp/trident:24.02.0
   imagePullSecrets:
   - thisisasecret
diff --git a/deploy/operator.yaml b/deploy/operator.yaml
index 9335a25de..9e928b52a 100644
--- a/deploy/operator.yaml
+++ b/deploy/operator.yaml
@@ -22,7 +22,7 @@ spec:
       serviceAccountName: trident-operator
       containers:
         - name: trident-operator
-          image: docker.io/netapp/trident-operator:24.01.0
+          image: docker.io/netapp/trident-operator:24.02.0
           command:
           - "/trident-operator"
           - "--debug"
diff --git a/hack/VERSION b/hack/VERSION
index c319ff852..e5fc8e69c 100644
--- a/hack/VERSION
+++ b/hack/VERSION
@@ -1 +1 @@
-24.01.0
+24.02.0
diff --git a/helm/trident-operator/Chart.yaml b/helm/trident-operator/Chart.yaml
index 1937a3795..9401eb62e 100644
--- a/helm/trident-operator/Chart.yaml
+++ b/helm/trident-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: trident-operator
-version: 1.24.1 # Demote CalVer fields and prepend 1
+version: 100.2402.0 # Some services require a semver here: "100.<CalVer>"
 kubeVersion: ">= 1.21.0-0"
 description: "A Helm chart for deploying NetApp's Trident CSI storage provisioner using the Trident Operator."
 type: application
@@ -11,4 +11,4 @@ icon: "https://raw.githubusercontent.com/NetApp/trident/master/logo/trident.png"
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
-appVersion: 24.01.0
+appVersion: 24.02.0
diff --git a/operator/controllers/orchestrator/installer/installer_test.go b/operator/controllers/orchestrator/installer/installer_test.go
index 612a3b8e7..fbcb2aadc 100644
--- a/operator/controllers/orchestrator/installer/installer_test.go
+++ b/operator/controllers/orchestrator/installer/installer_test.go
@@ -55,7 +55,7 @@ func createTestLabels() map[string]string {
 	labels := make(map[string]string)
 	labels[appLabelKey] = appLabelValue
 	labels[K8sVersionLabelKey] = "v1.21.8"
-	labels[TridentVersionLabelKey] = "v24.01.0"
+	labels[TridentVersionLabelKey] = "v24.02.0"
 
 	return labels
 }