diff --git a/soperator/VERSION b/soperator/VERSION
index d3243490..15b989e3 100644
--- a/soperator/VERSION
+++ b/soperator/VERSION
@@ -1 +1 @@
-1.15.5
+1.16.0
diff --git a/soperator/installations/example/terraform.tfvars b/soperator/installations/example/terraform.tfvars
index 2915f083..234fb12a 100644
--- a/soperator/installations/example/terraform.tfvars
+++ b/soperator/installations/example/terraform.tfvars
@@ -140,7 +140,7 @@ slurm_cluster_name = "soperator"
 
 # Version of soperator.
 # ---
-slurm_operator_version = "1.15.5"
+slurm_operator_version = "1.16.0"
 
 # Type of the Slurm partition config. Could be either `default` or `custom`.
 # By default, "default".