diff --git a/idaes/ver.py b/idaes/ver.py
index c3999426ca..30edf40681 100644
--- a/idaes/ver.py
+++ b/idaes/ver.py
@@ -184,7 +184,7 @@ def git_hash():
     pass
 
 #: Package's version as an object
-package_version = Version(2, 4, 0, "development", 0, gh)
+package_version = Version(2, 5, 0, "development", 0, gh)
 
 #: Package's version as a simple string
 __version__ = str(package_version)