Place a steamer basket into the Instant Pot. Add water and shrimp and then lock the cover.
Set the Instant Pot to Pressure Cooking or “Manual”. Then set Pressure to “High” and adjust time to 0 minutes. The cycle will start after a few moments.
Wait for the pressure cycle to complete, about 10-15 minutes. You can get the honey garlic sauce ingredients ready during this time.
Once the cycle is complete, carefully open the Quick Release, observing the manufacturer's safety directions. Steam will come out of the vent along with some splatter.
When no more steam comes out, it will be safe to open the lid. Remove the steamerand set the cooked shrimp aside. Drain the cooking liquid.
Set the Instant Pot to “Saute”.
Add the vegetable oil followed by the garlic and ginger. When fragrant 30-60 seconds later, add the soy sauce and honey.
Bring to a boil and let it simmer for a minute or two to thicken slightly, stirring continuously with a wooden spoon.
Optional: mix in the cornstarch-water slurry stirring constantly for a sticky sauce.
Add the shrimp to the sauce and toss gently to coat. Remove to a serving plate and garnish with optional green onion.
