When light is absorbed by chlorophyll that has been extracted into a solvent solution, it releases the energy in the form of

Photosystems PSI (P700) and PSII (P680) and photolysis of water releases energy

In the form of movement of electrons which is later extracted as ATP

Explanation:

On absorbing light energy electrons obtained from photolysis of water and those present in and those present in the reaction centres PSI and PSII move to the higher energy level and electron acceptors accept them. They then move down through the electron transport chain to the lower energy level during which ATP is produced which is a chemical form of energy.

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