OpenStack Grizzly introduces significant enhancements across its components: Nova features scalability improvements with no-db access and instance action tracking; Quantum adds multi-host support and load balancing as a service; Keystone upgrades to a v3 API with more secure PKI tokens. Other enhancements include the new Cinder and Swift features for backups, cloning, and cloud quotas. Overall, the release offers improved performance, security, and management capabilities.