Final answer:
Chlorophyll is located in the thylakoid membranes of chloroplasts, which are the innermost membranes responsible for capturing light energy for photosynthesis.
Step-by-step explanation:
In chloroplasts, the green pigment chlorophyll is located in the thylakoid membranes. These structures are disc-shaped and are stacked into columns known as grana. The thylakoid membrane is actually the third, innermost membrane within the chloroplast, and it encloses an internal space called the thylakoid lumen. This is where chlorophyll captures the light energy necessary for photosynthesis, giving plants and algae their characteristic green color.