Saute the Shrimp: Set the Instant Pot on SAUTE function & set it on NORMAL heat. Add olive oil and saute the shrimp for 1 minute. Set them aside.
Saute the Aromatics: In the same pot add more oil and throw in the chopped shallots & the garlic and saute until the shallots turn soft. Took me about 2-3 mins. Add salt to quicken the process.
Saute the Arborio Rice: Now add the Arborio rice (not rinsed) and saute for 2-3 mins stirring frequently.
Add Wine: Pour the white wine and stir the rice until it absorbs the wine. This step is IMPORTANT!
De-glaze Pot: Now, add the hot or warm chicken stock (a must) and de-glaze the pot very well scraping the sides and the bottom of the pot with the help of the spatula. There should not be any food particles stuck at the bottom of the pot. This step if crucial and will prevent the BURN error. DO NOT rush this step!
Pressure Cook: CANCEL the SAUTE function. Close the lid, seal the valve and PRESSURE COOK on HIGH for 5 minutes.
Quick Pressure Release: Once, the pressure cooking cycle is over perform a quick pressure release (QPR) manually by moving the valve from the sealing to the venting position. Open the lid carefully. If the rice is thirsty you may add few splashes of the extra chicken stock or water. I would recommend adding 2 tbsp at a time.
Mix the Dairy: CANCEL the Pressure cook mode and hit back the KEEP WARM mode. Add the butter, heavy whipping cream. Stir gently to mix well with the rice. Add the parmesan cheese & crushed black pepper and fold it gently with the rice until the cheese melts and incorporates completely and uniformly. Do not over-stir, avoid stirring briskly!
Mix in the protein & peas: Throw in the sautéed shrimp and the thawed frozen green peas. The Shrimp Risotto must be silky, velvety and creamy at this stage. Serve immediately with drizzles of grated Parmesan cheese and chopped fresh parsley. Enjoy!