diff --git a/CHANGELOG.md b/CHANGELOG.md
index f020c1e..be50e7a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,13 @@ list yields a list of all related PRs for each release.
 
 # [unreleased]
 
+# [v5.4.0] 2023-08-15
+
+## Added
+
+- New enumeration for PL PCDU commanding.
+- Some new events
+
 # [v5.3.1] 2023-07-26
 
 ## Changed
diff --git a/eive_tmtc/__init__.py b/eive_tmtc/__init__.py
index 7215fe2..4d21f71 100644
--- a/eive_tmtc/__init__.py
+++ b/eive_tmtc/__init__.py
@@ -1,12 +1,12 @@
-__version__ = "5.3.1"
+__version__ = "5.4.0"
 
 import logging
 from pathlib import Path
 
 SW_NAME = "eive-tmtc"
 VERSION_MAJOR = 5
-VERSION_MINOR = 3
-VERSION_REVISION = 1
+VERSION_MINOR = 4
+VERSION_REVISION = 0
 
 EIVE_TMTC_ROOT = Path(__file__).parent
 PACKAGE_ROOT = EIVE_TMTC_ROOT.parent