Conventional Computing
Cloud Computing
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Grid computing by definition is the collection of computer resources from multiple locations to reach a common goal. The grid can be thought of as a distributed system with non-interactive workloads that involves a large number of files.
Cloud computing is a general terminology used for the delivery of hosted services over the Internet.
You can read about the differences between How Cloud and Utility Computing at http://www.ebizq.net/blogs/saasweek/2008/03/distinguishing_cloud_computing/. Another good site is www.ibm.com/developerworks/web/library/wa-cloudgrid/
Hybrid cloud computing is a little different because it's paid Cloud storage. You can get 5 gigabytes of regular cloud storage or computing for free.