Photosynthesis has two main stages: the light-dependent reaction uses light energy to produce ATP and NADPH, while the light-independent Calvin Cycle uses these products to incorporate CO2 into organic compounds like glucose. Key events in the history of photosynthesis research include the discoveries that plants require water, produce oxygen, and need light to carry out the process. The overall equation is: 6CO2 + 6H2O + light energy → C6H12O6 + 6O2.