1. Photosynthesis is the process by which plants, algae, and some bacteria use sunlight, water and carbon dioxide to produce oxygen and energy in the form of ATP and NADPH.
2. It occurs in two stages - the light-dependent reactions where solar energy is captured to make ATP and NADPH, and the light-independent Calvin cycle where carbon is incorporated into organic compounds using ATP and NADPH.
3. The light reactions take place in the thylakoid membranes of chloroplasts and utilize two photosystems, photosystem II and photosystem I, to transfer electrons down an electron transport chain and pump protons across the membrane, driving ATP synthesis.