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Chloroplasts are the organelles in plant and algal cells that conduct photosynthesis. A single chloroplast has an outer membrane and an inner membrane, with an intermembrane space in between. Within the inner membrane, interconnected stacks of thylakoids, called granum, float in a protein rich fluid called the stroma. These thylakoid stacks contain chlorophyll, a pigment which converts sunlight into usable energy for plants and free oxygen from water. The stacks are sites of light reactions within a plant cell.