History

Fastest virtual supercomputersThe term grid computing originated in the early 1990s as a metaphor for making computer power as easy to access as an electric power grid. The power grid metaphor for accessible computing quickly became canonical when Ian Foster and Carl Kesselman published their seminal work, "The Grid: Blueprint for a new computing infrastructure" (2004).
CPU scavenging and volunteer computing were popularized beginning in 1997 by distributed.net and later in 1999 by SETI@home to harness the power of networked PCs worldwide, in order to solve CPU-intensive research problems.citation needed
The ideas of the grid (including those from distributed computing, object-oriented programming, and Web services) were brought together by Ian Foster, Carl Kesselman, and Steve Tuecke, widely regarded as the "fathers of the grid".3 They led the effort to create the Globus Toolkit incorporating not just computation management but also storage management, security provisioning, data movement, monitoring, and a toolkit for developing additional services based on the same infrastructure, including agreement negotiation, notification mechanisms, trigger services, and information aggregation. While the Globus Toolkit remains the de facto standard for building grid solutions, a number of other tools have been built that answer some subset of services needed to create an enterprise or global grid.
In 2007 the term cloud computing came into popularity, which is conceptually similar to the canonical Foster definition of grid computing (in terms of computing resources being consumed as electricity is from the power grid). Indeed, grid computing is often (but not always) associated with the delivery of cloud computing systems as exemplified by the AppLogic system from 3tera.citation needed