Select the "saute" function on your electric pressure cooker. Heat the oil or butter. Once hot, add the grits. Saute for 2 minutes, stirring often with a spatula or wooden spoon.
Sprinkle with salt, then add the water and soy milk. Add nutritional yeast for "cheesey" grits. Lock the lid in place and set the pressure valve to sealing. Cook on high pressure for 13 minutes. When the cook time is up, let pressure release naturally for 10 minutes. Manually release remaining pressure.
Saute off additional liquid as desired, or stir in a splash of milk. Taste for salt and pepper. Enjoy!
Stone-ground grits: For this recipe, we'll use regular grits. You can find them labeled old fashioned grits, stone ground grits, or even coarse cornmeal.