1. Light-dependent reactions: These reactions occur in the thylakoid membranes of chloroplasts and use light energy to produce ATP (adenosine triphosphate) and NADPH (nicotinamide adenine dinucleotide phosphate).

2. Light-independent reactions (Calvin cycle): These reactions occur in the stroma of chloroplasts and use the ATP and NADPH produced in the light-dependent reactions to convert carbon dioxide into glucose.

Let me know if you'd like a more detailed explanation of either component!