diff --git a/charts/images.yaml b/charts/images.yaml
index be24d29d7..3472b480b 100644
--- a/charts/images.yaml
+++ b/charts/images.yaml
@@ -26,7 +26,7 @@ images:
 - name: machine-controller-manager-provider-hcloud
   sourceRepository: https://github.com/23technologies/machine-controller-manager-provider-hcloud
   repository: ghcr.io/23technologies/machine-controller-manager-provider-hcloud
-  tag: v0.2.24 # renovate: datasource=github-releases depName=23technologies/machine-controller-manager-provider-hcloud
+  tag: v0.3.1 # renovate: datasource=github-releases depName=23technologies/machine-controller-manager-provider-hcloud
 - name: csi-driver-controller
   sourceRepository: https://github.com/hetznercloud/csi-driver
   repository: ghcr.io/23technologies/hcloud-csi-driver