ATP stands for Adenosine triphosphate, an organic molecule responsible for driving nearly all cellular mechanisms and processes in living organisms. Hence, biologists often refer to ATP as the “energy currency of the cell.”
Water and carbon dioxide are byproducts. Notice that photosynthesis and respiration are essentially the opposite of one another. Photosynthesis removes CO2 from the atmosphere and replaces it with O2. Respiration takes O2 from the atmosphere and replaces it with CO2.
Mitochondria are considered as the powerhouse of cell because they perform function cellular respiration process in a cell.
Cellular respiration is a process of converting the chemical energy present in nutrients into ATP which gives energy to organisms to carry out movement and physical actions.
Mitochondria performs cellular respiration process from which they can release energy present in food and nutrients.
Due to those reasons, mitochondria is called as powerhouse of cell.