diff --git a/catalog/index.yaml b/catalog/index.yaml
index b4b3228395..e9f032446a 100644
--- a/catalog/index.yaml
+++ b/catalog/index.yaml
@@ -7,7 +7,7 @@ schema: olm.channel
 package: ocs-operator
 name: alpha
 entries:
-  - name: ocs-operator.v4.17.0
+  - name: ocs-operator.v4.18.0
 
 ---
 defaultChannel: alpha
diff --git a/deploy/csv-templates/ocs-operator.csv.yaml.in b/deploy/csv-templates/ocs-operator.csv.yaml.in
index c05ac7df5d..f4ed25398a 100644
--- a/deploy/csv-templates/ocs-operator.csv.yaml.in
+++ b/deploy/csv-templates/ocs-operator.csv.yaml.in
@@ -96,7 +96,7 @@ metadata:
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/red-hat-storage/ocs-operator
     support: Red Hat
-  name: ocs-operator.v4.17.0
+  name: ocs-operator.v4.18.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -598,4 +598,4 @@ spec:
   minKubeVersion: 1.16.0
   provider:
     name: Red Hat
-  version: 4.17.0
+  version: 4.18.0
diff --git a/deploy/ocs-operator/manifests/ocs-operator.clusterserviceversion.yaml b/deploy/ocs-operator/manifests/ocs-operator.clusterserviceversion.yaml
index ee398c5e34..33d9798c30 100644
--- a/deploy/ocs-operator/manifests/ocs-operator.clusterserviceversion.yaml
+++ b/deploy/ocs-operator/manifests/ocs-operator.clusterserviceversion.yaml
@@ -70,7 +70,7 @@ metadata:
     features.ocs.openshift.io/enabled: '["kms", "arbiter", "flexible-scaling", "multus",
       "pool-management", "namespace-store", "mcg-standalone", "taint-nodes", "vault-sa-kms",
       "hpcs-kms"]'
-    olm.skipRange: '>=0.0.1 <4.17.0'
+    olm.skipRange: '>=0.0.1 <4.18.0'
     operatorframework.io/initialization-resource: "\n    {\n        \"apiVersion\":
       \"ocs.openshift.io/v1\",\n        \"kind\": \"StorageCluster\",\n        \"metadata\":
       {\n            \"name\": \"example-storagecluster\",\n            \"namespace\":
@@ -103,7 +103,7 @@ metadata:
     operatorframework.io/arch.amd64: supported
     operatorframework.io/arch.ppc64le: supported
     operatorframework.io/arch.s390x: supported
-  name: ocs-operator.v4.17.0
+  name: ocs-operator.v4.18.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -726,4 +726,4 @@ spec:
     name: ux-backend-oauth-image
   - image: gcr.io/kubebuilder/kube-rbac-proxy:v0.13.0
     name: kube-rbac-proxy
-  version: 4.17.0
+  version: 4.18.0
diff --git a/hack/common.sh b/hack/common.sh
index 201c2a1b0a..04ef6d44fe 100644
--- a/hack/common.sh
+++ b/hack/common.sh
@@ -13,7 +13,7 @@ GO_LINT_IMG_TAG="${GO_LINT_IMG_TAG:-v1.49.0}"
 GO_LINT_IMG="${GO_LINT_IMG:-${GO_LINT_IMG_LOCATION}:${GO_LINT_IMG_TAG}}"
 
 # Current DEV version of the CSV
-DEFAULT_CSV_VERSION="4.17.0"
+DEFAULT_CSV_VERSION="4.18.0"
 CSV_VERSION="${CSV_VERSION:-${DEFAULT_CSV_VERSION}}"
 VERSION="${VERSION:-${CSV_VERSION}}"
 LDFLAGS="-X github.com/red-hat-storage/ocs-operator/v4/version.Version=${CSV_VERSION}"
diff --git a/metrics/vendor/github.com/red-hat-storage/ocs-operator/v4/version/version.go b/metrics/vendor/github.com/red-hat-storage/ocs-operator/v4/version/version.go
index 22d01c0456..25e4283e2b 100644
--- a/metrics/vendor/github.com/red-hat-storage/ocs-operator/v4/version/version.go
+++ b/metrics/vendor/github.com/red-hat-storage/ocs-operator/v4/version/version.go
@@ -2,5 +2,5 @@ package version
 
 var (
 	// Version of the operator
-	Version = "4.17.0"
+	Version = "4.18.0"
 )
diff --git a/version/version.go b/version/version.go
index 22d01c0456..25e4283e2b 100644
--- a/version/version.go
+++ b/version/version.go
@@ -2,5 +2,5 @@ package version
 
 var (
 	// Version of the operator
-	Version = "4.17.0"
+	Version = "4.18.0"
 )