The Calvin cycle in the stroma fixes into sugar in three stages. Fixation: RuBisCO (ribulose bisphosphate carboxylase/oxygenase) adds to ribulose-1,5-bisphosphate (RuBP, five carbons), and the six-carbon product splits at once into two molecules of 3-phosphoglycerate (3-PGA, three carbons). Reduction: each 3-PGA is phosphorylated by ATP and reduced by NADPH to glyceraldehyde-3-phosphate (G3P), the first sugar. Regeneration: five of every six G3P are rearranged, at the cost of ATP, back into three RuBP, and one G3P leaves the cycle as the net product. The stoichiometry for one G3P (three carbons) is
two G3P make one glucose: ATP and per glucose.
Examples
Example 14.7 (Cyclic and non-cyclic flow)
The linear path from water to NADPH gives, per , two NADPH and about three ATP; the Calvin cycle needs a ratio of three ATP to two NADPH exactly, and other work of the chloroplast needs more ATP. When ATP runs short, electrons from ferredoxin return to plastoquinone instead of going to (cyclic photophosphorylation): PSI alone, pumping protons and making ATP without oxygen or NADPH. The two modes are balanced to the demand.