Mitochondria (singular = mitochondrion) are the so-called "power plants" of eukaryotic cells because they are the major source of energy for these cells under aerobic conditions (when oxygen is present). Mitochondria are the sites where complex processes involved in energy generation (such as electron transport and oxidative phosphorylation) are found. The product of mitochondrial action is chemical energy stored in the form of adenosine triphosphate, more commonly called ATP.