diff --git a/templates/addons/crs-powervs.yaml b/templates/addons/crs-powervs.yaml
index d7a4d8539..870e6d4d9 100644
--- a/templates/addons/crs-powervs.yaml
+++ b/templates/addons/crs-powervs.yaml
@@ -234,7 +234,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibmpowervs-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm
diff --git a/templates/addons/crs.yaml b/templates/addons/crs.yaml
index a5717beee..c05382bce 100644
--- a/templates/addons/crs.yaml
+++ b/templates/addons/crs.yaml
@@ -231,7 +231,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibm-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm
diff --git a/templates/cluster-template-powervs-cloud-provider.yaml b/templates/cluster-template-powervs-cloud-provider.yaml
index debab20e4..1a2b2aefc 100644
--- a/templates/cluster-template-powervs-cloud-provider.yaml
+++ b/templates/cluster-template-powervs-cloud-provider.yaml
@@ -474,7 +474,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibmpowervs-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm
diff --git a/templates/cluster-template-powervs-clusterclass.yaml b/templates/cluster-template-powervs-clusterclass.yaml
index 3624ad02d..bf2868646 100644
--- a/templates/cluster-template-powervs-clusterclass.yaml
+++ b/templates/cluster-template-powervs-clusterclass.yaml
@@ -485,7 +485,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibmpowervs-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm
diff --git a/templates/cluster-template-vpc-clusterclass.yaml b/templates/cluster-template-vpc-clusterclass.yaml
index f7a72c2fb..b95c2daf4 100644
--- a/templates/cluster-template-vpc-clusterclass.yaml
+++ b/templates/cluster-template-vpc-clusterclass.yaml
@@ -392,7 +392,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibm-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm
diff --git a/templates/cluster-template.yaml b/templates/cluster-template.yaml
index 5d73b195d..baf443204 100644
--- a/templates/cluster-template.yaml
+++ b/templates/cluster-template.yaml
@@ -381,7 +381,7 @@ data:
           serviceAccountName: cloud-controller-manager
           containers:
             - name: ibm-cloud-controller-manager
-              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:07d19bf
+              image: gcr.io/k8s-staging-capi-ibmcloud/powervs-cloud-controller-manager:6c98ec5
               args:
                 - --v=2
                 - --cloud-provider=ibm