diff --git a/esphome/const.py b/esphome/const.py
index 094dcace42..30c4748933 100644
--- a/esphome/const.py
+++ b/esphome/const.py
@@ -1,8 +1,8 @@
 """Constants used by esphome."""
 
 MAJOR_VERSION = 1
-MINOR_VERSION = 19
-PATCH_VERSION = "0b7"
+MINOR_VERSION = 20
+PATCH_VERSION = "0b1"
 __short_version__ = f"{MAJOR_VERSION}.{MINOR_VERSION}"
 __version__ = f"{__short_version__}.{PATCH_VERSION}"