diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0106e8460..d45575bf7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ### Added
 
+* Optional specification of a static IP address ([#509](https://github.com/quartiq/stabilizer/pull/509))
 * Telemetry ([#341](https://github.com/quartiq/stabilizer/pull/341))
 * Logging via RTT (real time tracing) over SWD/JTAG instead of semihosting
   for fast and low-overhead debugging ([#393](https://github.com/quartiq/stabilizer/pull/393) [#391](https://github.com/quartiq/stabilizer/pull/391) [#358](https://github.com/quartiq/stabilizer/pull/358))
diff --git a/book/src/setup.md b/book/src/setup.md
index b3e7f771d..e3364c219 100644
--- a/book/src/setup.md
+++ b/book/src/setup.md
@@ -27,6 +27,8 @@ Stabilizer supports 10Base-T or 100Base-T with Auto MDI-X.
 Stabilizer uses DHCP to obtain its network configuration information. Ensure there is a
 properly configured DHCP server running on the network segment that Stabilizer is
 connected to.
+Alternatively, a static IP can be enforced in the firmware build command by specifying
+the environmental variable `STATIC_IP` analogous to how a specific broker IP is set.
 
 > **Note:** If Stabilizer is connected directly to an Ubuntu system (for example using a USB-Ethernet dongle) 
 you can set the IPv4 settings of this Ethernet connection in the Ubuntu network settings to
diff --git a/src/hardware/setup.rs b/src/hardware/setup.rs
index a6bd3aa1c..05b22dcec 100644
--- a/src/hardware/setup.rs
+++ b/src/hardware/setup.rs
@@ -688,17 +688,18 @@ pub fn setup(
 
         unsafe { ethernet::enable_interrupt() };
 
+        // Configure IP address according to DHCP socket availability
+        let ip_addrs: smoltcp::wire::IpAddress = option_env!("STATIC_IP")
+            .unwrap_or("0.0.0.0")
+            .parse()
+            .unwrap();
+
         // Note(unwrap): The hardware configuration function is only allowed to be called once.
         // Unwrapping is intended to panic if called again to prevent re-use of global memory.
         let store =
             cortex_m::singleton!(: NetStorage = NetStorage::default()).unwrap();
 
-        store.ip_addrs[0] = smoltcp::wire::IpCidr::new(
-            smoltcp::wire::IpAddress::Ipv4(
-                smoltcp::wire::Ipv4Address::UNSPECIFIED,
-            ),
-            0,
-        );
+        store.ip_addrs[0] = smoltcp::wire::IpCidr::new(ip_addrs, 24);
 
         let mut routes =
             smoltcp::iface::Routes::new(&mut store.routes_cache[..]);
@@ -719,7 +720,9 @@ pub fn setup(
         .routes(routes)
         .finalize();
 
-        interface.add_socket(smoltcp::socket::Dhcpv4Socket::new());
+        if ip_addrs.is_unspecified() {
+            interface.add_socket(smoltcp::socket::Dhcpv4Socket::new());
+        }
 
         for storage in store.tcp_socket_storage[..].iter_mut() {
             let tcp_socket = {