I'm very curious about what plug and play means in this context. I would expect that an electrician must be hired for installation, which is not really plug and play. I do expect that Tesla has made this sufficiently behind-the-meter that it does not require approval from the utility, which was an abysmal issue with DemandLogic devices. So what really is the system within which HomeGrid would be plug-and-play? One possibility is GridLogic the new microgrid from SolarCity. I would envision a whole line of components that are each plug-and-play within GridLogic. The logic here is to make it very easy to design, install and extend a microgrid. All the devices must be networkable both in terms of power and control/communication.
It is possible that the HomeGrid storage device becomes the essential link between a GridLogic microgrid and a home. I would speculate that the device can also serve as a meter. Within GridLogic it is essential to always know power in, power out and state of charge for each storage device and this information is constantly being communicated to other connected devices. Thus the HomeGrid device supports metering and billing.
Also it could serve as the gateway for solar panels, generators and any other local generation devices to connect into the microgrid. These generation devices may or may not be plug-and-play within GridLogic, but HomeGrid can serve as an intelligent integrator for all these devices into GridLogic. Thus, devices that are not plug-and-play can be integrated.
Of course, GridLogic becomes a success, then all sorts of component makers will want to make sure their devices are plug-and-play. For example an intelligent HVAC controller like Nest would want to be plug-and-play. Likewise controllers on refrigerators, hot water heaters, etc. would want to be plug-and-play. All this connectivity with HomeGrid enhances its ability to manage power needs throughout the day.
Perhaps this is something Tesla, Apple and Google have discussed.