diff --git a/CITATION.cff b/CITATION.cff
index 4a7e92cf..a2d4d7f3 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -1,5 +1,5 @@
 title: ospx
-version: 0.3.0
+version: 0.3.1
 abstract: >-
   Extension package to farn, adding support to build OSP simulation cases using FMUs.
 type: software
diff --git a/docs/source/conf.py b/docs/source/conf.py
index ccd43417..fc3fa19a 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -26,7 +26,7 @@
 author = "Frank Lumpitzsch, Claas Rostock, Seunghyeon Yoo"
 
 # The full version, including alpha/beta/rc tags
-release = "0.3.0"
+release = "0.3.1"
 
 # -- General configuration ---------------------------------------------------
 # https://www.sphinx-doc.org/en/master/usage/configuration.html#general-configuration
diff --git a/pyproject.toml b/pyproject.toml
index adcfe323..8784fc2c 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -25,7 +25,7 @@ packages = [
 
 [project]
 name = "ospx"
-version = "0.3.0"
+version = "0.3.1"
 description = "Extension package to farn, adding support to build OSP simulation cases using FMUs."
 readme = "README.md"
 requires-python = ">= 3.10, < 3.14"