Fusion Fuel Cycles Inc. Welcomes Sean Bovingdon to Board of Directors

CNL Chief Financial Officer joins the FFC Board, bringing three decades of financial leadership and strategic growth experience.
CHALK RIVER, ON, February 12, 2026 – Fusion Fuel Cycles Inc. (FFC), a joint venture between Canadian Nuclear Laboratories (CNL) and Kyoto Fusioneering (KF), is pleased to announce the appointment of Sean Bovingdon to its Board of Directors and to express its gratitude to outgoing board member Dr. Stephen Bushby.

Sean Bovingdon, currently the Vice-President of Corporate Services and Chief Financial Officer at CNL, brings over 30 years of financial management experience to the FFC Board. His appointment reinforces the strong strategic alignment between FFC and CNL, as FFC advances the construction of its flagship UNITY-2 project at the Chalk River Laboratories and scales its global operations.

With a distinguished career spanning energy, consumer products, utilities, and technology sectors, Mr. Bovingdon has a proven track record of guiding companies through complex financial landscapes. His expertise includes overseeing three IPOs, managing eight acquisitions, and serving as CFO for seven different companies ranging from startups to organizations with revenues of up to $4 billion.

“We are honoured to welcome Sean to the Board,” said Dr. Ian Castillo, Co-CEO of FFC. “As FFC starts to play a leading role in the global fusion supply chain, Sean’s experience with growth-stage companies and financial governance will be critical.”

FFC also wishes to extend its sincere appreciation to Dr. Stephen Bushby, who is completing his tenure on the FFC Board. Dr. Bushby has been instrumental in guiding FFC in its infancy, where his breadth of experience helped to guide the firm as it set up operations and core business functions, raise funds, and commence construction on the flagship UNITY-2 project.

About FFC

Fusion Fuel Cycles Inc. (FFC) is a joint venture between two of the world’s leading fusion service providers – Canadian Nuclear Laboratories (CNL) and Kyoto Fusioneering (KF). Founded in 2024, FFC combines over 70 years of tritium research and management expertise with the nimble, customer-focused approach of a start-up.

At Fusion Fuel Cycles Inc., we provide end-to-end solutions to deliver performance-driven fuel cycle systems. From design to full operations, our systems are built to boost fuel efficiency, reduce tritium inventory, and maximize heat transfer for power conversion—enabling safe, high-performance, and cost-effective fusion energy solutions.

For more information on FFC’s activities, please visit www.ffc.inc.

FFC Contact:
Denys Elliot
Business Development Lead
1-613-639-2201
info@ffc.inc