diff --git a/.circleci/config.yml b/.circleci/config.yml
index 07fbe9e..b64bb82 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -1,7 +1,7 @@
 version: 2.1
 
 # Anchor to prevent forgetting to update a version
-baselibs_version: &baselibs_version v6.3.1
+baselibs_version: &baselibs_version v7.5.0
 
 orbs:
   ci: geos-esm/circleci-tools@1
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2b0782f..a8ab647 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -17,6 +17,16 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Deprecated
 
+## [1.7.0] - 2022-07-14
+
+### Changed
+
+- Updates to `components.yaml` to use Baselibs 7.5.0
+
+  - ESMA_env v3.15.0 → v4.2.0
+  - MAPL v2.21.3 → v2.23.0
+  - FVdycoreCubed_GridComp v1.8.0 → v1.9.0
+
 ## [1.6.0] - 2022-06-21
 
 ### Changed
diff --git a/CMakeLists.txt b/CMakeLists.txt
index d77b2e9..cea11a1 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -4,7 +4,7 @@ cmake_policy (SET CMP0054 NEW)
 
 project (
   GEOSfvdycore
-  VERSION 1.6.0
+  VERSION 1.7.0
   LANGUAGES Fortran CXX C)  # Note - CXX is required for ESMF
 
 if ("${PROJECT_SOURCE_DIR}" STREQUAL "${PROJECT_BINARY_DIR}")
diff --git a/components.yaml b/components.yaml
index 77c7774..0eb7cef 100644
--- a/components.yaml
+++ b/components.yaml
@@ -5,7 +5,7 @@ GEOSfvdycore:
 env:
   local: ./@env
   remote: ../ESMA_env.git
-  tag: v3.14.0
+  tag: v4.2.0
   develop: main
 
 cmake:
@@ -29,7 +29,7 @@ GMAO_Shared:
 MAPL:
   local: ./src/Shared/@MAPL
   remote: ../MAPL.git
-  tag: v2.21.3
+  tag: v2.23.0
   develop: develop
 
 FMS:
@@ -41,7 +41,7 @@ FMS:
 FVdycoreCubed_GridComp:
   local: ./src/Components/@FVdycoreCubed_GridComp
   remote: ../FVdycoreCubed_GridComp.git
-  tag: v1.8.0
+  tag: v1.9.0
   develop: develop
 
 fvdycore: